Munjal Auto Recommends 1:1 Bonus Issue


Munjal Auto Industries Limited on Monday reported a net profit at Rs 9.10 crore for the quarter ended March 31, 2017, as against Rs 6.36 crore for the same quarter in the previous fiscal.

The company informed that the board of directors have recommended a final dividend at 100% viz. Rs.2 per equity share on face value of Rs.2 each for the financial year 2016-17.

Th board also recommended issue of bonus shares in the ratio of 1:1 i.e. one equity share of Rs.2 each for each fully paid up equity share, subject to the approval of members of the company, as per BSE filing.

Meanwhile, Munjal Auto is up by 3% at Rs 110 per share at 09:26 hours IST on BSE.

Munjal Auto Industries Limited offers exhaust system or mufflers for two-wheelers. It is engaged in the manufacture of wheels, rims, fuel tanks and other components for auto industries.

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