Panoramic Universal stock hits 20% upper circuit on Q4 numbers

The Board recommended a dividend of Re. 0.35/- per share (i.e. 7%) on 10,00,00,000 fully paid up Cumulative Non-Convertible Redeemable Preference Shares of Rs. 5/- each aggregating to a payout of Rs. 3,50,00,000/- for the year ended March 31, 2015 subject to approval of members.

May 21, 2015 09:05 IST India Infoline News Service

Shares of Panoramic Universal has hit 20% upper circuit at Rs. 9.45 after the company posted Q4 results.
The Board recommended a dividend of Re. 0.35/- per share (i.e. 7%) on 10,00,00,000 fully paid up Cumulative Non-Convertible Redeemable Preference Shares of Rs. 5/- each aggregating to a payout of Rs. 3,50,00,000/- for the year ended March 31, 2015 subject to approval of members. The dividend, if declared, shall be paid on or before October 28, 2015.
The Board recommended a dividend of Re. 0.50/- per share (i.e. 10%) on 7,77,45,000 fully paid up Equity Shares of Rs. 5/- each aggregating to a pay out of Rs. 388,72,500/- for the year ended March 31, 2015 subject to approval of members. The dividend, if declared, shall be paid on or before October 28, 2015.

The Net profit stood at Rs. 10.04 crore in the quarter ended March 2015.

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