Mawana Sugars Ltd to make contribution of upto Rs. 3 crore to political parties

The Board of Directors of Mawana Sugars Ltd in its meeting held today (i.e. December 7, 2021), has approved the proposal to make a contribution upto Rs.3,00,00,000/- (Rupees Three Crores only) to one or more Political Parties which are registered under section 29A of the Representation of the People Act, 1951.

The board also constituted a Committee of Independent Directors to decide about the amount to the Political Party(s) for this purpose.

Shares of Mawana Sugars Limited was last trading in BSE at Rs. 76.15 as compared to the previous close of Rs. 79.60. The total number of shares traded during the day was 8421 in over 299 trades.

The stock hit an intraday high of Rs. 79.95 and intraday low of 75.65. The net turnover during the day was Rs. 654604.00.

Source : Equity Bulls

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MawanaSugarsLimited INE636A01039 PoliticalContribution