NBFC Morarka Finance in its latest board meeting has recommended a dividend of 40% (ie Rs.4 per equity share with face value of Rs.10/-). The Board of Directors of the company recommended a dividend of Rs. 4/- per equity share (ie 40%), subject to approval of the members at the Annual General Meeting (AGM).
said Dividend shall be payable to the shareholders whose names appear in the Register of Members on Tuesday, the 21st June, 2022, which has been fixed as the record date for the same.
The 37th Annual General Meeting (AGM) will be held on Tuesday, June 28, 2022, through VC. The Company said that the Register of Members will be closed from Wednesday, June 22, 2022 to Tuesday, June 28, 2022.
Speaking on the declaration of dividend, Director, BJ Maheshwari said, “We take this opportunity to thank all our shareholders for their continued support and trust in Morarka Finance. We will continue to create value for shareholders and further strengthen our leadership position in the NBFC sector.”
Morarka Finance Limited is an NBFC (Non-Banking Financial Company) registered with Reserve Bank of India (RBI) and listed on the stock exchange BSE. multibagger stock There has been an increase of over 168% in the one year period, whereas, so far in 2022 (YTD) is down by around 0.6%.