Nakoda Textiles Board to consider Bonus & Stock Split

Sub-division of shares of the Company; Issue of Bonus shares out of free reserves of the Company

Mumbai, Maharashtra, November 9, 2009 /India PRwire/ -- Nakoda Textile Industries Ltd. (BSE : 521030), a leading manufacturer of Partially Oriented Yarn (POY) and Fully Drawn Yarn (FDY) with Wind Mills of 6.75 MW has announced its plan for share split by sub dividing each of its present equity share of Rs. 10/- into two equity shares of Rs. 5/- each.The Board of Directors of the Company in its meeting on December 03, 2009 will also consider maiden bonus after the Company went public in 1992. Nakoda has a paid-up capital of Rs. 16.60 cr. and free reserves of Rs. 55.24 cr. as per the last audites accounts as on December 31, 2009. During the nine months period of the current year ended on September 30, 2009; Nakoda has registered a Turnover of Rs. 750.59 cr. and Net Profit of Rs. 15.87 cr.

Notes to Editor

About Nakoda Textile Industries Ltd.

NTIL ranks amongst the largest manufacturers of FDY (Fully Drawn Yarn) with an installed capacity of 19,500 MTPA. An ISO 9001-2000 company, Nakoda Textiles Industries Ltd. has a 3 per cent market share in the POY (Partially Oriented Yarn) segment and 20 per cent share in the FDY segment. For further details, log onto www.nakoda.co.in.


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