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Share price of Thirumalai Chemicals gained 6 percent intraday Friday as recommends sub division of equity share.
The company at its meeting held on May 03 recommended to the shareholders consideration for splitting of 1,50,00,000 equity shares of Rs 10 each in the authorised share capital of the company into 15,00,00,000 equity shares of Re 1 each.
The board also recommended a dividend of Rs 20 per share of the company.
The company posted percent growth in its Q4 net profit at Rs 29.27 crore against Rs 21.97 crore in a year ago period. Revenue of the company shed 15 percent at Rs 238.42 crore against Rs 280.93 crore.
At 11:02 hrs Thirumalai Chemicals was quoting at Rs 2,151, up Rs 44.60, or 2.12 percent on the BSE.
Posted by Rakesh Patil
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