Chennai :  Thejo Engineering Ltd, the first Company to get listed on the EMERGE platform of NSE,  has announced the issue of fully paid bonus shares in the ratio of 1:1 (one equity share for every one existing equity share), subject to the approval of the Members of the Company. The Board of Directors of the Company recommended capitalization of amount lying in securities premium to an extent of an amount not exceeding Rs. 1,71,67,760.

Thejo Engineering, the provider of comprehensive solutions to maintenance needs of bulk material handling equipments has posted creditable performance for fiscal 2013. Under trying circumstances, the company earned an operating income of Rs.133 cr for the year ended 31st March 2013, registering a decent growth of 16% over the previous year.  Net profit from operations excluding exceptional item showed an impressive 44% increase to Rs 14.38 cr. Post-tax, profit stood at Rs 9.75 cr yielding an EPS of more than Rs 65.

In his newly appointed role as the Managing Director of the Company, Mr. V.A. George says “We have a strong brand as provider of comprehensive solutions to meet maintenance needs in the industry and we are making further efforts to enhance our capabilities further to meet growing needs of the industry.”  The company also declared a maiden dividend of 50% (Rs 5 per share) for the first year of going public. More importantly, the board also recommended a full dividend for the new shareholders even though the shares were allotted half way, in September 2012.”

  Source : Sachin Murdeshwar