Universus Photo Imagings to get dividend of Euro 33,888,571 from JPF Netherlands BV; Stock jumps 3%

22 Feb 2022 , 10:08 AM

Universus Photo Imagings Limited has received the intimation from JPF Netherlands BV (Associate Company) for the following matters:

As per regulatory filing, the Board of Directors of JPF Netherlands BV (JPF NL) has approved to distribute dividend for the financial year ending 31st March 2021, as per shareholders’ recommendation. Total receivable dividend in the Company is Euro 33,888,571 and the same will be paid by JPF NL in the due course of time, said company.

Further, JPF NL informed that Loan taken by JPF NL, will be used to pay part of dividends subject to Compliance of applicable Laws.

At around 10:12 AM, Universus Photo Imagings was trading at Rs929.30 per piece higher by 3.11% on Sensex. The stocks hit intraday high at Rs946.30 per piece on Tuesday.