Gangotri Textiles announced 30 percent dividend on equity shares of Rs10 each for the year ended March 31, 2005.
Besides dividend, various issues like reappointment of some members were discussed during the board meeting, said the Board of Directors while informing the BSE.
Moreover, the board will mortgage or charge the movable and immovable properties of the company, depending on the charge created in favour of Industrial Development Bank of India Ltd (IDBI) to secure corporate loan of Rs10 crore, lent and advanced by IDBI for meeting part of margin money for long-term working capital requirements.
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