Bata India declares dividend of Rs54.50 per share; stock slips over 1%

26 May 2022 , 10:23 AM

Bata India Limited informed the investors and exchanges that the board at its meeting had recommended a Dividend of Rs54.5 (1090%) per equity share of Rs5 each fully paid-up of the Company.

Total dividend amount includes a one-time Special Dividend of Rs50.5 (1010%) per equity share of Rs5 each fully paid up of the Company, for the year ended March 31, 2022, for approval of the Members at the AGM.

The company further stated that the payment of dividends, is subject to the approval of the shareholders, at the AGM.

The company also informed that the 89th Annual General Meeting would be held through Video conferencing (VC) or Other Audio-Visual Means (OAVM) on Friday, August 12, 2022.

The company will pay dividends on Equity Shares, if declared, at the 89th AGM from Tuesday, August 23, 2022, onwards to those Members who are entitled thereto.

Bata India is currently trading at Rs1,734.85 down by Rs12.05 or 0.69% from its previous closing of Rs1,746.90 on the BSE. The scrip opened at Rs1,779.90 and has touched intraday high and low of Rs1,779.90 and Rs1,672.25 respectively.