Outcome of meeting of the Board of Directors of the Company held on 2nd August, 2019
The Company has informed BSE that the Board of Directors of the Company at its meeting held on 2nd August, 2019 , inter alia, has approved:
a) unaudited financial results of the Company for the quarter and half year ended 30th June, 2019;
b) declared interim dividend comprising of Rs. 23/- per equity share of Rs. 10/- each for 2019 out of current year profit and a special interim dividend of Rs. 180/- per equity share of Rs. 10/- each out of accumulated profits of previous years (surplus in the profit & loss account) on the entire issued, subscribed and paid up share capital of the Company of 96,415,716 equity shares of the nominal value of Rs. 10/- each. The total interim dividend of Rs. 203/- per equity share of Rs. 10/- each will be paid on and from 23rd August, 2019 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of 13th August, 2019, already announced for the purpose.
The Company has also informed BSE that the Company will soon commence construction of the ninth factory in India to come up in Gujarat. The state of the art, environmentally sustainable factory for MAGGI Noodles will involve an initial investment of nearly Rs. 700 crore over the next two years.
a) unaudited financial results of the Company for the quarter and half year ended 30th June, 2019;
b) declared interim dividend comprising of Rs. 23/- per equity share of Rs. 10/- each for 2019 out of current year profit and a special interim dividend of Rs. 180/- per equity share of Rs. 10/- each out of accumulated profits of previous years (surplus in the profit & loss account) on the entire issued, subscribed and paid up share capital of the Company of 96,415,716 equity shares of the nominal value of Rs. 10/- each. The total interim dividend of Rs. 203/- per equity share of Rs. 10/- each will be paid on and from 23rd August, 2019 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of 13th August, 2019, already announced for the purpose.
The Company has also informed BSE that the Company will soon commence construction of the ninth factory in India to come up in Gujarat. The state of the art, environmentally sustainable factory for MAGGI Noodles will involve an initial investment of nearly Rs. 700 crore over the next two years.