Sutlej Textiles Q4 net surges 208%; announces 1:2 bonus

Sutlej Textiles and Industries Ltd has proposed issue of bonus shares in the ratio of one share for every two existing shares held in the company. The record date fixed for it is June 22. The company said it planned to complete the issue before July 5. The KK Birla group company recorded an increase of 208 per cent in its net profit during the Q4 ended March 31, 2013, at Rs 16 crore compared with Rs.5.2 crore during Q4 of previous year. The company recommended dividend of Rs 5 a share of the face value of Rs 10 each for FY 2013.