Lakshmi Machine Works Ltd Board approves dividend of Rs. 10 for FY20

The Board of Directors of Lakshmi Machine Works Ltd at their meeting held today, the 25th May, 2020 have, approved and recommended dividend of Rs.10/- per equity share having face value of Rs.10/- each for the financial year ended 31st March, 2020. Upon approval of the final dividend by the shareholders at the 57th Annual General Meeting, the dividend amount after deducting applicable TDS, will be credited by 10th August, 2020 to the bank account of the shareholders who have registered their Bank account details with the Depository/ Company. And for the shareholders who have not registered their Bank account details, dividend warrants will be dispatched by 10th August, 2020 or at the earliest once the normalcy is restored.

Shares of LAKSHMI MACHINE WORKS LTD. was last trading in BSE at Rs.2461.6 as compared to the previous close of Rs. 2488.25. The total number of shares traded during the day was 26091 in over 199 trades.

The stock hit an intraday high of Rs. 2500 and intraday low of 2391.65. The net turnover during the day was Rs. 64158594.

Source : Equity Bulls

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