The AGM of Textile Company Banswara Syntex Ltd was held recently proclaiming issuing of bonus shares in the ratio of 2:1 to its shareholders.
For the year 2005-2006 the shareholders of the company also approved the payment of 20 per cent dividend and increase in borrowing power of the board of directors to Rs 500 crores from Rs300 crores.
Shares of the company were trading at Rs101, down 1.08 percent at the BSE.
Banswara Syntex is a manufacturer of synthetic yarns.