Corporate Announcement
Security Code : 540649    Company : AVADHSUGAR    
Board recommends Dividend & Bonus IssueDownload PDF
  Exchange Disseminated Time     13/05/2019 15:05:35
Avadh Sugar & Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 13, 2019, inter alia, had transacted the following items of business:

1. The Board of Directors has recommended a dividend of Rs. 3/- per equity share of Rs.10/- each (Pre-bonus issue) for the year ended March 31, 2019, subject to approval of the Shareholders.

2. 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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