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Nitin Fire Protection Industries will issue five bonus shares for every two equity shares held by the investors. The Record Date for issue of bonus shares has been fixed as September 23.
During the first quarter of this fiscal, the company's consolidated sales grew by 80 per cent to Rs 161 crore (Rs 90 crore) while the consolidated net profit increased by 146 per cent to Rs 24 crore (Rs 10 crore). The Company has registered significant growth in both domestic as well as international markets, particularly in Muscat, the UAE and Far East. The company's shares on the BSE were down 0.11 per cent at Rs 142 on Tuesday.
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