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Siyaram Silk Mills today reported 4.07 per cent growth in net profit at Rs 10.73 crore for the first quarter ended June 30, 2013.
The company had posted a consolidated net profit of Rs 10.31 crore in the same period of previous fiscal, Siyaram Silk Mills said in a filing to the BSE.
Net sales of the company stood at Rs 250.73 crore in the April-June quarter, compared to Rs 205.06 crore during the same period of previous fiscal.
Meanwhile, in a separate filing, the company said its board has constituted a committee to consider and approve issue and allotment of 1,968 forfeited equity shares to the promoters/promoter group at a minimum issue price of Rs 259.76 per equity share of Rs 10 each.
However, it would be subject to the approval of shareholders at the ensuing AGM to be held on August 10, 2013, and approvals of all concerned authorities.
The company’s shares were trading at Rs 236.75 per scrip during the afternoon trade, down 2.49 per cent from their previous close, on the BSE.
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