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Avadh Sugar & Energy board recommends dividend & bonus issue

13 May 2019 Evaluate

Avadh Sugar & Energy has informed that the Board of Directors of the Company at its meeting held on May 13, 2019, has recommended a dividend of Rs 3 per equity share of Rs 10 each (Pre-bonus issue) for the year ended March 31, 2019, subject to approval of the Shareholders. The Board of Directors has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 1:1 i.e. 1 bonus equity share of Rs 10 each fully paid-up for every 1 existing share of Rs 10 each held by the members, subject to the shareholders approval through Postal Ballot.

The above information is a part of company's filings submitted to BSE.

Avadh Sugar & Energy Share Price

479.30 4.90 (1.03%)
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