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Our Bureau

New Delhi , Aug. 31

RUCHI Group has announced plans to consolidate its operations.

The board of directors of Ruchi Soya Industries Ltd, the flagship company of Ruchi Group, has considered and approved the appointment of RSM & Co as consultants to evaluate and advise on the consolidation of each of the group's businesses, including those of the company.

The board also approved the appointment of N.M. Raiji & Co as valuers.

The Ruchi Group board has also recommended a dividend of 20 per cent on the equity share capital of the company this year against 16 per cent in the previous year.

The group recorded a total income of Rs 3,938 crore for the year ended March 31, 2005 against Rs 3,554 crore in the previous year. Similarly, profit after tax for 2004-05 was Rs 43.59 crore, against Rs 34.16 crore the previous year.

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