Minda Industries (MIL) declares dates for bonus share and dividend payments

The board of directors of the mid-cap auto ancillary company Minda Industries has recommended a 1:1 bonus share and a final dividend of Re 1 per equity share on face value of 2 per equity share.

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Minda Industries Limited (MIL) has established a record date for the payment of bonus shares and dividends. Moreover, the board of directors of the mid-cap auto ancillary company has recommended a 1:1 bonus share. As well as a final dividend of Re 1 per equity share on face value of 2 per equity share for the fiscal year 2021-22. Hence, it is subject to approval of the company’s shareholders at the next AGM. The record date for bonus share and final dividend payment is July 8, 2022.

Minda Industries Limited announced bonus share and final dividend recommendations, citing. “In compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is hereby informed that the Record Date has been fixed as Friday, 08 July, 2022. For the purpose of (1) taking the record of eligible shareholders/beneficial owners for payment of final equity dividend. And dividend on 0.01 percent as approved by the shareholders at the ensuing Annual General Meeting of the Company; And (2) determining the eligibility of shareholders/beneficial owners. Who shall be entitled to receive the Bonus shares. As approved by the shareholders via postal ballot. The results of the postal ballot would be announced on June 30, 2022.

Minda Industries revises record date

This is a new record date for the issuance of bonus shares and the payment of the final dividend. Previously, the mid-cap auto ancillary company set the record date for bonus share. And final dividend on June 10, 2022. But later announced that the board will set a new date for the same.

Minda Industries Limited (MIL) reported total operating income of 1440.77 crore in Q4 FY22 results. Lest, it was up from 1306.11 crore in Q4 FY21. In Q3FY22, the auto ancillary company’s total operational income was Rs. 1,333.70 crore.

The company’s net profit in Q4FY22 is 57.48 crore. Therefore, up from 65.76 crore in Q3FY22 and 56.29 crore in Q4FY21.

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