Salasar Techno Engineering Ltd Board recommends 1:1 Bonus Issue & Final Dividend of Rs. 1

The Board of Directors of Salasar Techno Engineering Ltd at its meeting held on June 01, 2021, has considered, discussed and approved the proposal of Bonus Issue of Equity shares in the ratio of 1:1 (i.e. 1 (One) Fully paid up equity shares for every 1 (One) equity shares held] to the equity shareholders of the Company subject to the approval of shareholders and after bonus issue, paid up share capital of the Company will be Rs. 28,57,05,280/- (Rupees Twenty Eight Crore Fifty Seven Lakhs Five Thousand Two Hundred Eighty) and compliances of SEBI Rules and Regulations through Postal Ballot.

The board also recommended a Final Dividend of Rs. 1/- per equity share for the Financial Year ended March 31, 2021 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). The Final Dividend would be paid within 30 days from the date of the declaration at the AGM.

Shares of Salasar Techno Engineering Ltd was last trading in BSE at Rs.711.45 as compared to the previous close of Rs. 687.2. The total number of shares traded during the day was 49023 in over 2363 trades.

The stock hit an intraday high of Rs. 722.35 and intraday low of 692.45. The net turnover during the day was Rs. 34802811.

Source : Equity Bulls

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