ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Company Notes

crores during 1967. This was achieved in spite of a marked decline in turnover in the second half of the year as' a result of cuts in selling prices following reductions in raw material costs. But with margins eroded by price control and stock losses from drop in oil prices, gross profits were only Rs 11 lakhs better at Rs 6.12 crores. Capital expenditure of Rs 60 lakhs (Rs 4 lakhs) on scientific research has been written off to profit and loss account. Equity distribution, maintained at 14 per cent but payable on the capital enlarged by a free scrip issue, requires Rs 15 lakhs more and is 1

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