Fiberweb India has recommended issue of bonus shares, in the ratio of 1:1, at its meeting held on December 05, subject to the approval of the members of the company in the extraordinary general meeting.

The bonus shares will be issued to the members of the company by capitalization of its reserves, in the ratio of 1 bonus equity share of Rs.10 each fully paid-up for every 1 existing equity share of Rs.10 each fully paid-up, held by the members as on a record date to be fixed for the purpose.

Further, an interim dividend at 5% per share has been declared by the board (50 paise per share) and the extraordinary general meeting of the company is scheduled to be held on January 8, 2018.

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