Sarup Tanneries has declared dividend at the rate of Rs 1.20 per equity share to the equity shareholders of the company for the year ended March 31, 2006.

The board has decided to borrow from time to time all such sums of money as they may deem requisite for the purpose of the business of the company upto Rs 100 crore at any one time, subject to necessary provisions and approvals.

The board has also decided to mortgage and / or charge in any manner whatsoever of all movables and immovable properties of the company wheresoever situated, present or future and the whole of the undertaking of the company, for borrowing of a sum not exceeding Rs 100 crore outstanding at any one time as loans from banks, financial institutions or elsewhere or from issuing of debentures, promissory notes, bonds, commercial papers, subject to necessary provisions and approvals.