Nakoda Textile Industries Ltd. announces its Bonus & Stock Split

Sub-division of shares of Rs. 10 each into two shares of Rs. 5 each o Issue of Bonus shares in the ratio of 1:1

Mumbai, Maharashtra, December 3, 2009 /India PRwire/ -- Nakoda Textile Industries Ltd. (BSE : 521030), a leading manufacturer of Partially Oriented Yarn (POY) and Fully Drawn Yarn (FDY) with its recent foray into Wind power , today at its Board Meeting announced the share split by sub dividing each of its present equity share of Rs. 10 each into two equity shares of Rs.5 each. The Board of Directors of the company also approved the issue of Bonus shares in the ratio of one Equity share of Rs. 10 each fully paid up for every one equity share of Rs. 10 each of the Company.

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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