After a successful rights issue earlier this year, the company aims to further enhance shareholder value and improve market accessibility through these strategic moves
The record date for eligibility is set for April 20, 2024. This dividend declaration comes as the company has witnessed significant growth, yielding over 300% returns in the past year.
The textile industry, a significant employment generator in India, is receiving government support through measures like the production-linked incentive (PLI) scheme.
Plasticisers are a raw material for finished plastic products and owns and operates a plant of 12,000 metric tonnes per annum in Daman.
Propelled by the government initiates, the manufacturing sector has produced several multibaggers on the Dalal Street over the last few years and still has potential to create several multibaggers going forward.
The proceeds will be raised via preferential issue, according to a BSE filing by the New Delhi headquartered firm.
The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares and to encourage wider participation in the market.
Under the previous taxation system, senior citizens who earn up to Rs. 3 lakh per year are exempted to pay income tax. However, the new regime stipulates that senior citizens will only be exempt from income tax if their annual income is less than Rs. 2.5 lakh.
GSTN said that the GST return filing system is working within expected limits. "Had it not been so, how more than 11.52 lakh GSTR3B (October) returns could have been filed yesterday with about 1.82 lakh returns filed in a peak hour," it said
Analysis of data released by Goods and Services Tax Network (GSTN) showed that while on an average, 50 percent of the registered taxpayers filed GSTR-3B within the due date in July 2017, the number increased to around 85 percent as on June 23, 2019.
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