Scandent Imaging Ltd Board recommends Dividend & approves Right Issue of equity shares

The Board of Directors of Scandent Imaging Ltd at its meeting held on June 29, 2022, has considered and recommended a dividend of Rs. 10 paisa per equity share (1%) of Rs. 10 each for the Financial Year ended March 31, 2022, subject to the approval of the shareholders at the ensuing Annual General Meeting.

The Board of Directors has considered and approved raising of funds through issuance and allotment of equity shares of Rs. 10 each ("Equity Shares") to the eligible equity shareholders of the Company on Rights basis, on such terms and at such price and ratio as may be decided by a duly constituted committee (Rights Issue Committee) of the Board, for an amount not exceeding Rs. 49 Crore, subject to receipt of regulatory/statutory approvals, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and rules made there under, as amended from time to time ("Rights Issue").

Shares of Scandent Imaging Limited was last trading in BSE at Rs. 50.30 as compared to the previous close of Rs. 47.95. The total number of shares traded during the day was 1702474 in over 6602 trades.

The stock hit an intraday high of Rs. 50.30 and intraday low of 50.20. The net turnover during the day was Rs. 85598911.00.

Source : Equity Bulls

Keywords

ScandentImaging INE146N01016 Dividend FundRaising RightsIssue