Metals firm Manaksia Limited has introduced to pay dividend to its shareholders for the financial year 2022-23. The firm has knowledgeable exchanges that its board at a gathering has really useful Rs 3 dividend per fairness share.
“Recommended Final Dividend @ 150% (i.e. Rs. 3.00/- per equity shares having face value of Rs. 2/- each) on the equity shares of the Company for the Financial Year 2022-23 for the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company,” it mentioned in a inventory change submitting.
“The dividend will be paid within thirty days from the date of AGM provided the same is approved by the shareholders of the Company,” the submitting mentioned.
“The record date and the date of AGM for the year ended 31 March, 2023 shall be informed in due course,” it added.
Manaksia is the flagship firm of the Manaksia Group. The Kolkata-based firm’s shares on Friday closed at Rs 176.45 (BSE) and have given 124 returns in 6 months.Â
The firm within the January-March quarter reported a consolidated internet revenue of Rs 38.1 crore primarily on account of upper revenue, exhibiting a rise of round 18 per cent from the final quarter. The firm clocked a internet revenue of Rs 31.8 crore within the quarter ended December 31, 2022.
The agency’s whole revenue within the quarter ended March 31, 2023, was at Rs 330 crore, up from Rs 313 within the December quarter.Â
On a yearly foundation, Manaksia posted a consolidated internet revenue of Rs 107 crore within the financial year 2022-23.Â
Manaksia firm is concerned within the manufacturing of galvanized metal, steel colour-coated sheets & coils and aluminium alloy ingots for the automotive sector.
