GMM PFAUDLER LTD. - 505255 - Board recommend Bonus Issue & Final Dividend
GMM Pfaudler Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2022, inter-alia, has considered and approved the following: 1. Bonus Issue: Considered and recommended issue of bonus eguity shares in the ratio of 2 (Two) new eguity shares for every 1 (One) existing eguity share held, subject to approval by the shareholders and any other regulatory approvals.2. Final Dividend for financial year 2021-22: Recommended final dividend of INR 3/- per equity share on 1,46,17,500 equity shares [having a face value of INR 2/- each] (pre-bonus), which translates to INR 1/- per eguity share on 4,38,52,500 eguity shares [having face value of INR 2/- each] (post-bonus) for the financial year 2021-22, subject to approval of the shareholders at the ensuing 59% Annual General Meeting (AGM). Total dividend for financial year 2021-22 (including interim dividend) would be INR 6/- per equity share (pre-bonus) compared to INR 5/- per equity share (pre-bonus) paid in financial year 2020-21.25-05-2022