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Avadh Sugar & Energy Ltd - Outcome Of Board Meeting

| Updated on May 13, 2019 Published on May 13, 2019

1.Considered and approved the Audited Annual Financial Results of the Company for the financial year ended 31st March 2019. A copy of Audited Financial Results along with Auditors report thereon and Declaration pursuant to Regulation 33(3)(d)of the Listing Regulations, 2015 is enclosed for your records.
2.The Board of Directors has recommended dividend on 8.5% Non-Convertible Cumulative Redeemable Preference Shares (NCCRPS),subject to approval of the Shareholders.
3.The Board of Directors has also recommended a dividend of Rs. 3/- per equity share of Rs.10/- each (Pre-bonus issue) for the year ended 31st March 2019, subject to approval of the Shareholders.
4.The Board of Directors has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 1:1 i.e. 1 (one) bonus equity share of Rs 10/- each fully paid-up for every 1 (one) existing share of Rs 10/- each held by the members, subject to the shareholders approval through Postal Ballot.

Pdf Link: Avadh Sugar & Energy Ltd - Outcome Of Board Meeting

Source : BSE - www.bseindia.com

Published on May 13, 2019
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