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Our Bureau

Mumbai, Aug. 16

The board of directors for Banswara Syntex Ltd (BSL) has approved an issue of bonus shares in the ratio of 1:2.

The company's shareholders approved the issue at the annual general meeting that was held recently. The date for the issue has been set as August 18.

For the quarter ended June 30, BSL's net profit rose by 407 per cent to stand at Rs 3.55 crore, compared to Rs 0.70 crore in the corresponding quarter of the previous year. Net sales increased by 26 per cent to Rs. 83.60 (Rs 66.28 crore).

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