Suryalata Spinning Mills Ltd has informed BSE that the Board of Directors of the Company in their meeting held on June 25, 2008, inter alia, has transacted the following businesses:

- Withdrawn the proposal for recommendation of dividend on Equity Shares as well as on the Cumulative Redeemable Preference Shares. The Company’s financial performance is affected badly due to the prevailing market conditions and resulted in lower profits. Therefore, keeping in view the current year profits and the trends in the market, Board is thought not to recommend dividend on Equity Shares and also on the Cumulative Redeemable Preference Shares of the Company for the year ended on March 31, 2008.