The Board of Directors of Magadh Sugar & Energy Ltd at its Meeting held on May 14, 2019, has recommended a dividend of Rs. 2/- per equity share of Rs. 10/- each (Pre-bonus issue) for the year ended March 31, 2019, subject to approval of the Shareholders.
The Board of Directors has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 4:10 i.e. 4 (four) bonus equity share of Rs 10/- each fully paid-up for every 10 (ten) existing share of Rs. 10/- each held by the members, subject to the shareholders' approval through Postal Ballot, The record date for reckoning eligible shareholders entitled to receive Bonus Shares will be communicated later on.
Shares of Magadh Sugar & Energy Ltd was last trading in BSE at Rs.124.05 as compared to the previous close of Rs. 127.35. The total number of shares traded during the day was 12901 in over 194 trades.
The stock hit an intraday high of Rs. 137.8 and intraday low of 122. The net turnover during the day was Rs. 1674257.