Bonus Issue and Sub-Division Approved by Shareholders of Ruchi Infrastructure Limited, A Ruchi Group Company

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Tuesday April 5, 08:12 PM

Bonus Issue and Sub-Division Approved by Shareholders of Ruchi Infrastructure Limited, A Ruchi Group Company

Mumbai, Maharashtra, India, Tuesday, April 05, 2005 -- (Business Wire India) -- The shareholders of Ruchi Infrastructure Limited, a Ruchi Group company having annual group turnover of over Rs. 11,000 crores, have approved issue of bonus shares in the ratio of 3:1 (holder of one equity share will be allotted three bonus shares). Further they have also approved sub-division of equity shares of Rs.10/- each into 10 equity shares of Re.1/- each at the extra ordinary general meeting held on 4th April 2005. The record date for deciding entitlement for bonus shares will be fixed by the Board of Directors in due course and intimated to the Stock Exchanges accordingly.

It was submitted at the meeting that the performance of the company during first nine months ended 31st December 2004 has been quite encouraging. The turnover of the company has been Rs. 592.19 crores during the period as against Rs. 495.27 crores for the corresponding period. The net profit for the period has been Rs.5.18 crores.

The company is geared up optimally to utilize the production facilities at Kakinada in the State of Andhra Pradesh. The company is evaluating various investment opportunities in infrastructural and other projects with a view to benefit the company in long term.

Media contact details
Amrita Shahra,
Ruchi Soya (RCSY.BO, news) Industries Ltd,
+91 (22) 2288 6880,
amrita_shahra@ruchigroup.com

Shaila / Karishma,
IPAN,
+91 (22) 2266 1755,
shaila@ipan.com

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