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Rane (Madras) Ltd board recommends final dividend of Rs. 4.50 for 2018-19

Posted On: 2019-05-23 15:21:12

The Board of Directors of Rane Madras Ltd at their meeting held on May 23, 2019 (today), recommended a final dividend of Rs. 4.50/- per equity share on 11,973,171 equity shares of Rs.10/- each fully paid up, for the financial year 2018-19 which is subject to approval of the members at the ensuing Fifteenth Annual General Meeting of the company scheduled to be held on Wednesday, July 24, 2019 (AGM 2019) and the same shall be payable to all eligible shareholders whose name appear in the register of members of the Company as on July 17, 2019 (Wednesday) (Record Date fixed for this purpose).

The final dividend, if declared by the shareholders will be paid / dispatched on July 29, 2019 (Monday) to the eligible shareholders.

Shares of RANE (MADRAS) LTD. was last trading in BSE at Rs.371.8 as compared to the previous close of Rs. 371.25. The total number of shares traded during the day was 2603 in over 421 trades.

The stock hit an intraday high of Rs. 392 and intraday low of 349. The net turnover during the day was Rs. 970246.


Source: Equity Bulls

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