Relaxo Footwears, one of the leading footwear companies, announced the board of directors has recommended issue of bonus shares in the ratio of 1:1, that is one share for every share held, subject to approval of the shareholders of the company.

The board of directors has recommended a dividend at the rate of Rs 1 a share of face value of Rs 1 each aggregating of Rs 72.22 million (including corporate dividend distribution tax of Rs. 122.16) for the year ended Mar. 31, 2015.

Shares of the company gained Rs 90.25, or 12.74%, to trade at Rs 798.50. The total volume of shares traded was 18,535 at the BSE (12.01 p.m., Monday).