Gulf Oil Lubricants India Ltd board recommends final dividend of Rs. 7 for FY20

The Board of Directors of Gulf Oil Lubricants India Limited at their meeting held today i.e. June 17, 2020 at 2.30 p.m. and concluded at 5.35 p.m. has recommended a Final Dividend of Rs. 7/- (Rupees Seven only) per equity share (350% on the Face Value of Rs.2/- per equity share) for the financial year 2019-20, subject to approval of the shareholders at the Annual General Meeting of the Company.

The said final dividend shall be paid to the eligible shareholders within thirty (30) days from the date of approval of the shareholders at the ensuing Annual General Meeting of the Company.

Shares of Gulf Oil Lubricants India Ltd was last trading in BSE at Rs.624 as compared to the previous close of Rs. 613.15. The total number of shares traded during the day was 609 in over 93 trades.

The stock hit an intraday high of Rs. 628.75 and intraday low of 615. The net turnover during the day was Rs. 378913.

Source : Equity Bulls

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