Ethanol maker BCL Industries on Tuesday said that its board of directors has recommended an equity dividend for its shareholders. According to an exchange filing, the board has recommended a 25 per cent or Rs 0.25 dividend per equity share of the face value of Re 1 each.
BCL Industries dividend amount
"Recommended an equity dividend of 25 paise per share on face value of Re 1 each i.e. for the financial year ended March 31, 2024," BCL Industries said in a filing.
However, it is subject to declaration declaration by the Members at the 48th AGM of the company.
BCL Industries dividend payment
According to the company, the dividend, if declared at the AGM, will be paid to shareholders within 30 days of the declaration of the same.
The ethanol manufacturer has not announced the record date for this corporate action.
BCL Industries Q4 Results
According to the exchange filing, the company the consolidated revenue from operations in January-March quarter of financial year 2024 grew by around 40 per cent YoY to Rs 613 crore. The company's revenue stood at Rs 456 crore in the same quarter a year ago.
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