Mahindra CIE Automotive Ltd recommends dividend of Rs. 2.50

The Board of Directors of Mahindra CIE Automotive Limited at its meeting held today i.e. 22nd February 2023, has recommended dividend of Rs. 2.50/- (Two Rupees Fifty Paisa only) per ordinary equity share of face value of Rs. 10/- each for the financial year ended 31st December 2022.

The payment of dividend is subject to approval of the members of the Company at the ensuing 24th Annual General Meeting (AGM) of the Company, the date of which shall be fixed by the Board and announced separately in due course of time.

Further, the Dividend shall be payable, within 30 days from the date of the AGM to those members whose name appear in the Register of Members or list of Beneficial Holders as received from Depositories as on the record date, which shall be decided by the Board.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 386.40 as compared to the previous close of Rs. 390.50. The total number of shares traded during the day was 32954 in over 1203 trades.

The stock hit an intraday high of Rs. 399.05 and intraday low of 383.40. The net turnover during the day was Rs. 12851241.00.

Source : Equity Bulls

Keywords

MahindraCIEAutomotive INE536H01010 Dividend CY2022