Zenith Birla India Ltd, the flagship company of the Yash Birla Group (YBG) announced in its board meeting today special rewards to the shareholders by way of bonus issue celebrating the Golden Jubilee year of the company.
Zenith Birla (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2010, inter alia, have recommended a final dividend of Rs. 2/- per share on the expanded share capital of the Company, as on date, subject to the approval of the members of the Company. This includes Rs. 1.40 per share, as special dividend, for commemorating the Company's Golden Jubilee year.
Further, the Board of Directors has also decided to further reward the shareholders, in the Golden Jubilee year of the Company, by way of bonus issue. The Board has, subject to the approval of the members of the Company, approved the issue of 1 Bonus Share for every 5 equity shares held in the Company as on the Record Date to be fixed in this behalf.
Zenith Birla’s audited financial results for the year ended 2009-2010 were posted as PBT at Rs. 201.6 mn in Q4 as against Rs. 2,068 lakhs in the previous year.
About Zenith Birla
Zenith Birla (India) Limited, manufactures and sells steel pipes. Its steel pipes are used in various applications, including water and gas, line pipes, structural pipes, conveyor idlers, bore well casings, scaffolding tubes, electric poles, telecommunications, conduits, precision tubes, and automobile chassis.
Zenith Birla (India) Limited also exports its products primarily to the United States, Middle East, Africa, and Europe. The company has a strong dealer/sub dealer network in India.
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About Yash Birla Group
The Yash Birla Group is an INR 30 Billion conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 9 listed entities in India.