DCM Shriram Industries Ltd Board recommends Final Dividend & approves Sub-division of Equity shares

The Board of Directors of DCM Shriram Industries Ltd at its meeting held on June 29, 2021, has approved a proposal for the sub-division of the nominal value of the Equity Shares in the Company from Rs. 10 per share to Rs. 2/- per share, subject to the approval of shareholders in the ensuing AGM.

The board has recommended a final dividend of Rs. 2.5 per share (25%) on the Equity Shares of face value of Rs. 10 each for the financial year ended March 31, 2021. With the interim dividend already paid in March 2021, the total dividend for the year is 75%.

Shares of DCM SHRIRAM INDUSTRIES LTD. was last trading in BSE at Rs.436.1 as compared to the previous close of Rs. 470.05. The total number of shares traded during the day was 350649 in over 5306 trades.

The stock hit an intraday high of Rs. 478.7 and intraday low of 430. The net turnover during the day was Rs. 156676216.

Source : Equity Bulls

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