The Board of Directors of Foseco India Ltd (FOSECOIND) at its meeting held on February 10, 2021, has declared Final Dividend of Rs 10 per equity share. The Meeting of the Board of Directors commenced at 15:30 hours and concluded at 20:45 hours.
Foseco India Ltd Quarterly Result
The company posted quarterly Net Profit at Rs. 9.27 crore in March 2021, up 52.32% from Rs. 6.08 crore in March 2020. Net Sales at Rs 88.51 crore in March 2021 up 22.8% from Rs. 72.08 crore in March 2020. Further, Foseco India EPS has increased to Rs. 14.51 in March 2021 from Rs. 9.53 in March 2020.
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Foseco India Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 14 June 2021 as the Record date. In addition, the final dividend, if declared at the AGM, shall be paid/credited on or before Tuesday, 20 July 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
We write to advice that the Board of Directors of the Company, at its Meeting held today has recommended payment of a final dividend of Rs. 10/- per equity share (100%) on a paid-up equity share of Rs. 10/- each, for the financial year ended 31 December 2020.
Important Dates
- Company – Foseco India Ltd
- Script Name – FOSECOIND (NSE) and 500150 (BSE)
- Dividend Amount – 10 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 11 June 2021
- Record Date – 14 June 2021
- Payment Date – 20 July 2021
Also, you can find more information about Foseco India Ltd on National Stock Exchange and Moneycontrol – Foseco India is the leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry. The company’s products are sold both directly and indirectly to industries like Passenger Cars and SUVs Commercial Vehicles Agricultural Machinery Construction and general purpose steel Textile machinery two & three wheelers.
