Neuland Laboratories Ltd Board recommends Dividend of Rs. 2

The Board of Directors of Neuland Laboratories Ltd at its meeting held on May 20, 2016, have recommended payment of dividend of 20% at Rs. 2.00/- per equity share on a face value of Rs. 10 each, subject to the approval of members of the Company.

The Board approved the re-designation of Mr. D. Sucheth Rao as. Vice Chairman & Chief Executive Officer, subject to the approval of the members.

The Board also approved the re-designation of Mr. D. Saharsh Rao as Joint Managing Director, subject to the approval of the members.

Shares of NEULAND LABORATORIES LTD. was last trading in BSE at Rs.801.15 as compared to the previous close of Rs. 772.25. The total number of shares traded during the day was 1801 in over 116 trades.

The stock hit an intraday high of Rs. 802.7 and intraday low of 784.15. The net turnover during the day was Rs. 1437373.

Source : Equity Bulls

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