Mahindra Logistics Ltd Board approves final dividend of Rs. 2

The Board of Directors of Mahindra Logistics Limited ("the Company"), at their Meeting held today viz. Tuesday, 26 April 2022, has recommended Final Dividend of Rs. 2.00 per equity share of the face value of Rs. 10/- each (20%) for the financial year ended 31 March 2022. The dividend payout is subject to the Members' approval at the forthcoming 15th Annual General Meeting ("AGM") of the Company.

The Register of Members and Share Transfer Books of the Company will remain closed for the purpose of payment of dividend, if approved by Members at the AGM, from Saturday, 23 July 2022 to Friday, 29 July 2022 (both days inclusive).

The final dividend on equity shares for the financial year ended 31 March 2022, as recommended by the Board of Directors and if approved and declared at the ensuing AGM in 2022, will be paid/dispatched by the Company in permitted modes on or after Saturday, 30 July 2022 within the stipulated timelines to those Shareholders or their mandates.

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 474.95 as compared to the previous close of Rs. 476.15. The total number of shares traded during the day was 5314 in over 577 trades.

The stock hit an intraday high of Rs. 490.00 and intraday low of 472.10. The net turnover during the day was Rs. 2553023.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 FinalDividend FY2022