The Board of Directors of NELCO Limited (NELCO) held its meeting on 28 April 2021. It has declared Dividend of Rs 1.2 per equity share for the financial year 2020-21. The Meeting of the Board of Directors of the Company commenced at 5.15 p.m. and concluded at 8.45 p.m.
NELCO Limited Quarterly Result
Net Sales at Rs 64.83 crore in March 2021 up 5.88% from Rs. 61.23 crore in March 2020. Quarterly Net Profit at Rs. 4.48 crore in March 2021 down 23.02% from Rs. 5.82 crore in March 2020. NELCO EPS has decreased to Rs. 1.96 in March 2021 from Rs. 2.55 in March 2020.
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NELCO Limited Dividend Record Date
The board has fixed Tuesday, i.e. 8 June 2021 as the Record date for determining entitlement of shareholders to receive the dividend for financial year ended 31st March, 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 – 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.
Moreover, here is the copy of statement, the company has sent to the exchanges:
This is to inform you that the Board of Directors of the Company at its meeting held today, 28th April, 2021 have recommended Dividend of Rs. 1.20/- per Equity Share of Rs.10/- each (12%) for the Financial Year 2020-21 subject to the approval of the Shareholders at the ensuing Annual General Meeting.
Important Dates
- Company – NELCO Limited
- Script Name – NELCO (NSE) & 504112 (BSE)
- Dividend Amount – 1.2 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 7 June 2021
- Record Date – 8 June 2021
- Payment Date – Within 30 days
Also, you can find more information about NELCO Limited on National Stock Exchange and Moneycontrol -NELCO’s present activities are the manufacture trade and sale of consumer electronic products sale of business systems and office products. It introduced telebanking in the nationalized banks and computerized more than 65 branches of 28 banks all over India.
