Kanco Tea & Industries Ltd board recommends dividend of Rs. 1

Kanco Tea & Industries Ltd has fixed Tuesday, 31st August, 2021 as the record date for the purpose of ascertaining the eligibility of shareholders to the Dividend of Rs. 7/- per Preference Share of face value Rs.100/- each and Re.1/- per Equity Share of face value Rs 10/- each respectively, recommended by the Board of Directors of the Company in their meeting held on 28th June, 2021. If the dividend as recommended by the Board of Directors is approved at the ensuing Annual General Meeting, payment of such dividend will be made within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting.

The Register of Members and Share Transfer Books shall remain closed from Wednesday, 1st September, 2021 to Tuesday, 7th September, 2021 (both days inclusive) for the purpose of 38th Annual General Meeting and Dividend.

Shares of Kanco Tea & Industries Ltd was last trading in BSE at Rs.72.05 as compared to the previous close of Rs. 71.95. The total number of shares traded during the day was 2723 in over 53 trades.

The stock hit an intraday high of Rs. 74 and intraday low of 71.5. The net turnover during the day was Rs. 197523.

Source : Equity Bulls

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