Choksi Imaging Ltd board recommends final dividend of Rs. 2.50

The Board of Directors of Choksi Imaging Ltd at its meeting held today i.e. Monday, May 24, 2021 at the corporate office of the Company has considered and recommended a final dividend @25% i.e. Rs.2.5/- per share (Rupee Two and Fifty Paise only) on 39,00,000 fully paid up equity share capital of Rs. 10/- each of the Company for the financial year ended March 31, 2021.

The Company was under litigation with Carestream Health Inc. During the year the Company has entered into settlement agreement with CHI and the Company has made payment of aforesaid amount. Further, the Company has disposed off, Land and building situated at Piparia which was not being used for last couple of years. Also looking at the operational losses, the Company has decided to stop operations in this year and sell the Factory Building along with Plant and Machinery. Considering the Cash flows from asset disposal and no immediate business/operational requirements, The Board has recommended aforesaid dividend.

Shares of CHOKSI IMAGING LTD. was last trading in BSE at Rs.26.75 as compared to the previous close of Rs. 26.45. The total number of shares traded during the day was 7848 in over 51 trades.

The stock hit an intraday high of Rs. 27.7 and intraday low of 25.55. The net turnover during the day was Rs. 211566.

Source : Equity Bulls

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