Morarjee Textiles declares 25 pc dividend for FY'06

Mumbai, June 8 (UNI) Morarjee Textiles Ltd today informed BSE that the Board of Directors of the Company at its meeting held on June 8, has recommended 25 per cent dividend for the financial year 2005-06.

The dividend in absolute terms works out to Rs 2.50 per share of Rs 10 each fully paid-up. That apart, the Board also declared five per cent dividend on five pc redeemable cumulative Preference Shares.

Further, Mr. Ajay G Piramal has resigned from the Board of Directors of the company and Ms Urvi A Piramal has been appointed as the Chairperson of the company.

Also Mr Pradipto Mohapatra has been appointed as an Additional Director on the Board of the company with effect from June 8 this year.

UNI SN KU AG1806