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AMJ Land Holdings informs about revised date of interim dividend

12 Mar 2020 Evaluate

In reference to letter bearing reference no. VJ: 720 dated 24th February, 2020, wherein AMJ Land Holdings had informed that the Board of Directors of the Company has considered and declared an Interim Dividend of Re 0.20 per Equity Share on the face value of Rs 2 per share for the Financial Year 2019-20 and the said Interim Dividend would be paid on and after 13th March, 2020. In this regard, AMJ Land Holdings has now informed that, the Company had opened the Interim Dividend Account with YES Bank, Mumbai Branch, which was funded on 28th February, 2020 for the payment of Interim Dividend to eligible Shareholders of the Company as on Record Date (06th March, 2020). Further, the Ministry of Finance (Department of Financial Services) (Banking Division) vide its Notification dated 05th March, 2020 issued an 'Order of Moratorium' in respect of the YES Bank, Mumbai for the period from 18:00 hrs on 05th March, 2020 upto and inclusive of 3rd April, 2020 and during that period YES Bank has been restricted from the processing of payment of the said Interim Dividend. Owing to this, the Company is not able to start the payment of the said Interim Dividend (in spite of the Account has been funded properly by the Company) to the eligible Shareholders of the Company on 13th March, 2020 which was earlier informed by the company. In this regard, it is in the process of making alternate arrangement for the payment/disbursement of the said Interim Dividend from other Bank and will try to complete the said payment of Interim Dividend to the eligible shareholders of the Company before 24th March, 2020.

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

AMJ Land Holdings Share Price

44.31 1.38 (3.21%)
17-Apr-2026 16:59 View Price Chart
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