Sarda Energy mulls buyback, dividend

BL Chennai Bureau | | Updated on: Apr 18, 2022

Board to meet on April 23

Sarda Energy & Minerals informed the BSE on Monday that its board of directors will meet on April 23 to consider a proposal for buy-back of equity shares of face value of ₹10 each. The board will also consider a proposal for declaration of interim dividend for FY 2021-22. For the quarter ended December 2021, it posted a profit of ₹134.05 crore on revenues of ₹670.67 crore. Promoters hold 72.50 per cent stake in the firm and the rest is with public. Among the public, about 23,650 small shareholders hold 13.50-per cent stake.

The stock of Sarda Energy & Minerals on Monday closed 2.32 per cent higher at ₹1,292.90 on the BSE.

Published on April 18, 2022
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