Mukand Ltd board recommends dividend of Rs. 1 for FY21

The Board of Directors of Mukand Ltd in its meeting held today, i.e. 25th May, 2021, have, recommended a dividend of Re. 1/- (Rupee One only) per share on 14,14,05,861 equity share of Rs. 10/- each fully paid up (i.e. @ 10%), for the FY: 2020-21.

The board also recommended a dividend on 5,626,320 0.01% Cumulative Redeemable Preference Shares (partly redeemed) at the rate of 0.01% p.a. per share on paid up value / redeemable value for FY: 2014-15 to 2020-21 and recommended a dividend on 5,626,320 Unlisted 8% Cumulative Redeemable Preference Shares of face value of Rs. 10 per share, at the rate of 8% p.a., per share on paid-up value, for FY: 2019-20 & 2020-21.

The Dividend, if approved by the shareholders at the forthcoming Annual General Meeting (AGM) of the Company, shall be paid / dispatched to the shareholders, subject to deduction of tax at source, on or before 30 days from the date of AGM.

Shares of MUKAND LTD. was last trading in BSE at Rs.131 as compared to the previous close of Rs. 137.85. The total number of shares traded during the day was 52259 in over 204 trades.

The stock hit an intraday high of Rs. 137 and intraday low of 131. The net turnover during the day was Rs. 6876438.

Source : Equity Bulls

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