Goa Carbon's board recommends dividend of Rs10 per share; stock soars over 5%

30 May 2022 , 12:26 PM

Goa Carbon Limited informed that the board of directors of the company has recommended a final dividend of Rs10 per equity share of Rs10 each (100%). The dividend is subject to the approval of shareholders in the ensuing Annual General Meeting.

In the same meeting, the board has also approved the appointment of Subrakant Panda as an Additional Independent Director effective from May 28, 2022, for a period of five years.

It also appointed Anupam Misra as an Additional Director & Whole-Time Director on board effective from May 28, 2022, for a period of three years.

However, all the appointments are also subject to shareholders’ approval in the ensuing general meeting.

Goa Carbon is currently trading at Rs458.30 up by Rs22.2 or 5.09% from its previous closing of Rs436.10 on the BSE. The scrip touched intraday high and low of Rs465 and Rs450.35 respectively.