Corporate Announcement
Security Code : 540649    Company : AVADHSUGAR    
 
Outcome Of Board MeetingDownload PDFDownload XBRL
  Exchange Received Time  13/05/2019 14:31:55         Exchange Disseminated Time   13/05/2019 14:32:02              Time Taken   00:00:07
1.Considered and approved the Audited Annual Financial Results of the Company for the financial year ended 31st March 2019. A copy of Audited Financial Results along with Auditors report thereon and Declaration pursuant to Regulation 33(3)(d)of the Listing Regulations, 2015 is enclosed for your records.
2.The Board of Directors has recommended dividend on 8.5% Non-Convertible Cumulative Redeemable Preference Shares (NCCRPS),subject to approval of the Shareholders.
3.The Board of Directors has also recommended a dividend of Rs. 3/- per equity share of Rs.10/- each (Pre-bonus issue) for the year ended 31st March 2019, subject to approval of the Shareholders.
4.The Board of Directors has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 1:1 i.e. 1 (one) bonus equity share of Rs 10/- each fully paid-up for every 1 (one) existing share of Rs 10/- each held by the members, subject to the shareholders' approval through Postal Ballot.
 

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