Home / Knowledge / News / Company / Gangotri Textiles fixes May 5 for interim divided decision

Gangotri Textiles fixes May 5 for interim divided decision

Apr '06
Yarn to finished garments company Gangotri Textiles Ltd has set Friday 5th day of May 2006 as the Record Date for determining the members who will be eligible for Payment of 15 percent Interim Dividend declared for the financial year ended 31.03.2006.

For reservation of 10 percent of the proposed Public Issue (Rs.550 lakhs) to the retail Shareholders of the Company, 5th May 2006 has been fixed as the specified date. Accordingly dividend will be paid to, and eligibility to apply under the reservation in the proposed Public Issue is fixed for, those members whose names appear in the Register of Members as on 05.05.2006

The company has received SEBI approval for its follow on Public Issue of Equity Shares for Rs.55 crores and the issue opening date will be finalized in consultation with the Merchant Bankers.

The GTL's Equity Shares are listed in National Stock Exchange w.e.f 07.04.06 and the company's symbol with NSE is “GANGOTRI”

The Board of Directors of the Company at their meeting held on March 24, 2006, has declared an Interim Equity Dividend @ 15 percent on the expanded capital arising out of the Bonus Share @ 1:1 (Dividend of 0.75 paise per share of Rs 5/- each). The Record date will be fixed shortly.

A meeting of the Board of Directors of the Company will be held on March 24, 2006, inter alia, to consider recommendation of interim dividend for the financial year ending March 31, 2006.

Gangotri executed Rs.257 croresTerm Loan Agreement for its expansion & Integration Project through Consortium of Banks today (10.03.06) at Coimbatore.

Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2021

Vietnam's garment-textile sector eyes $39 bn in exports

Vietnam's garment-textile sector has set a target of $39 billion in...

Pic: Shutterstock

Fashion | On 21st Jan 2021

Mila Fashion to open apparel plant in Sri Lanka's Welioya

US-based Mila Fashion, part of the Design Studio Group, recently...

Pic: Citi Trends

Retail | On 21st Jan 2021

Citi Trends to open 100 new stores by fiscal 2023-end

Citi Trends, Inc, a US-based value-priced retailer of fashion...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Pierre Wiertz, EDANA

Pierre Wiertz

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search