Jindal Worldwide’s board of directors, at its meeting held on 8 September 2005, inter alia, has taken the following decisions:
1. Proposed dividend @ 10% for the year ended on 31 March 2005 on equity shares.
2. Proposed to give bonus shares in the ratio of 3 shares for every one equity share held by existing shareholders.
3. To part-finance the expansion cum diversification plan, it was decided to come out with public issue of a suitable size as may be decided.
4. Notice convening Annual General Meeting of the shareholders of the company to be held on 30 September 2005 was approved for sending to shareholders.
5. To start commercial production of denim by 15 September 2005.
6. Major expansion in the home textile division by putting up new complete processing facility with dying and printing process which will be started shortly.
7. Proposed to increase the authorised share capital by Rs 10 crore.
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