The Hindu Business Line : Gokaldas Exports declares 30% dividend

Gokaldas Exports Ltd has declared a dividend of 30 per cent or Rs 3 per share of Rs 10 for the year ended March 31, 2006. The dividend for the previous year was 20 per cent.

Mr Gaurav D. Hinduja was appointed the Chief Operating Officer - Marketing, Gokaldas Exports, for a period of two years. Mr Madanlal J. Hinduja and Mr H. S. Nagaraj were reappointed as Directors, at the company's AGM on Thursday.

Mr Rajendra J. Hinduja, Executive Director - Finance, Gokaldas Exports, said the company invested about Rs 85 crore in the last fiscal and Rs 40 crore in the current fiscal so far. "These investments were made for setting up factories in Chennai, Mysore and Bangalore, which are likely to commence commercial production during the current fiscal and in laundry and knitwear units, which are already operational." The company is also setting up a manufacturing facility for structured suits for women and men in Bangalore. This will be commissioned by end-2006.

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