The Board of Directors of MTAR Technologies Ltd (MTARTECH) at its meeting held on Wednesday, i.e. 2 June 2021 has recommended final dividend of Rs 3 per equity share for the financial year ended 31 March 2021. The meeting commenced at 2.00 p.m. and concluded at 3.41 p.m.
MTAR Technologies Ltd Quarterly Result
MTAR Technologies reported 12.27% yoy rise in consolidated net revenues for the Mar-21 quarter at Rs 69.16 cr. Sales revenues were up by 25.20% compared to total revenues in the Dec-20 quarter at Rs 55.24 cr. Net profits in the Mar-21 quarter was up 103% at Rs 18.01 cr on the back of inventory efficiency gains.
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MTAR Technologies Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 23 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 23 July 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. So, Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, Here is the copy of statement, the company has sent to the exchanges:
With reference to the subject cited, this is to inform the exchanges that at the Board Meeting of MTAR Technologies Limited held on Wednesday, the Board has recommended a Final Dividend of Rs. 3/- per share subject to approval of members at the 22nd Annual General Meeting scheduled to be held on 30.07.2021.
Important Dates
- Company – MTAR Technologies Ltd
- Script Name – MTARTECH (NSE) and 543270 (BSE)
- Dividend Amount – 3 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date NA
- Record Date – 23 July 2021
- Payment Date – NA
You can find more information about MTAR Technologies Ltd on National Stock Exchange and Moneycontrol – MTAR Technologies manufactures equipment for nuclear and space. The Company provides testing of fuelling machine columns, hydraulic cylinders, shuttle stations, engines, ball screws, and other components.
