Silktex Board recommends dividend

Silktex Ltd has informed that the Board of Directors of the Company at its meeting held on June 09, 2007, inter alia, has recommended a dividend of 15% for the year 2006-07 on the paid up equity shares of Rs 10/- each, subject to approval by the shareholders at the AGM.Further the Company has informed that, the Board has approved the expansion plan with an investment outlay of about Rs 50 Crores to be completed in next two years.