Board meeting of Ashapura Minchem will be held on October 24,2007  for considering the allotment of Bonus shares to the equity share holders of the company in 1:1 ratio.
The company has not yet announced about the record date for the bonus issue and mostly after the board meeting the date would be announced.
Ashapura Minichem reported very good results for the quarter ended June 2007 and the during the June quarter the company has recorded a growth of 54% in net profits to Rs 326 million from Rs 212 million in the corresponging quarter last year. Net sales of the company also recorded a steep rise to Rs 3,464 million.
Ahsapura Minichem company shares were last trading up Rs 4.65, or 1.79%, at Rs 265 on the BSE.
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