Mishra Dhatu announces dividend of Rs1.56 per share; stock skids ~2%

14 Mar 2022 , 02:21 PM

Mishra Dhatu Nigam Ltd. informed the investors and exchanges that the Board of Directors of the Company at its meeting held today, i.e., 14th March 2022 has inter-alia approved and declared an interim dividend of Rs1.56 per equity share of Rs10 each. This amounts to 15.60% of the face value of per equity share.

In the stated filing, the company also stated that it has appointed R&A Associates, Company Secretaries, Hyderabad as Secretarial Auditors of the Company for FY 2021-22.

The company informed that the record date for this interim dividend shall be March 23, 2022.

Following this development, Mishra Dhatu’s stock took a downturn and was trading at Rs169.55, down by 1.80% against its previous closing price of Rs172.65 on NSE.