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| Exchange Disseminated Time 12/05/2016 17:41:18 | Magma Fincorp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2016, inter alia, has transacted the following:
- Recommendation of Dividend
The Board of Directors of the Company have proposed, subject to the approval of the Shareholders at the Annual General Meeting dividend as under:
1. On Equity Shares @ 40% i.e Re. 0.80 per Equity Share of the face value of Rs. 2/- each;
2. On Preference Shares:
- 4.09% i.e. Rs. 4.09 pro-rata per share dividend on 65,00,999 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 40/- each for a day i.e, April 01, 2015 and 4.09% i.e. Rs. 4.09 pro-rata per share dividend on 65,00,999 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 20/- each (reduced to Rs. 20/- upon redemption of 4th instalment of Rs. 20/- each on April 02, 2015) for the period from April 02, 2015 to March 31, 2016 (both days inclusive).
- 9.6% i.e. Rs. 9.60 per share dividend on 10,00,000 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 100 each; the shares were then fully redeemed on June 19, 2015.
- 12% i.e. Rs. 12/- per share dividend on 25,00,000 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 100/- each; the shares were then fully redeemed on June 30, 2015.
- 11% i.e. Rs. 11/- per share dividend on 36,00,000 Cumulative Redeemable Non-Convertible Preference Shares of Rs. 100/- each; the shares were then fully redeemed on November 11, 2015.
- 0.50% i.e. 0.50 paise pro-rata per share dividend on 21,09,199 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 20/- each for the period from April 01, 2014 to February 16, 2015 (both days inclusive) the shares were then fully redeemed on February 17, 2015.
Further the Company informed that, the 36th Annual General Meeting (AGM) of the Members of the Company will be held on August 04, 2016 and the dividend to be declared at the AGM shall be paid /dispatched on or before September 03, 2016. |
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