Suryalata Spinning Mills Limited announced that the Board in its meeting held on May 29, 2023, has recommended recommended a dividend of 30% or INR 3.00 per Equity Share with Face Value of INR 10 each to non-promoter shareholders of the company for the financial year ended March 31, 2023, subject to the approval of shareholders at the ensuing Annual General Meeting. Promoters have volunteered to waive dividend on their holdings on equity shares for the fiscal Year 2023.