New Delhi: Bharat Petroleum Company Restricted (BPCL) has introduced that its board has advisable the problem of bonus shares within the ratio of 1:1 i.e. one new bonus fairness share of Rs 10 every for each one current fairness shares of Rs 10 every totally paid up, topic to the approval of shareholders by postal poll.
The federal government-owned firm added that the Board has mounted Saturday, twenty second June 2024 as Document date to find out the eligibility of shareholders to obtain bonus shares.
“Pursuant to Regulation 30 of the SEBI (Itemizing Obligations & Disclosure Necessities) Rules, 2015, we want to inform that the Board has advisable concern of Bonus Shares within the ratio of 1:1 i.e. one new bonus fairness share of Rs. 10/- every for each one current fairness shares of Rs. 10/- every totally paid up topic to the approval of shareholders by Postal Poll. The Board has mounted Saturday, twenty second June 2024 as Document date to find out the eligibility of shareholders to obtain bonus shares,” BPCL mentioned in a regulatory submitting.
BPCL Recommends Closing Dividend
BPCL board has additionally advisable a closing dividend of Rs 21 per fairness share (pre-bonus) for the yr 2023-24, which works out to a closing dividend of Rs 10.5 per share after the dividend.
The Document Date for the ultimate dividend will likely be intimated individually, BPCL added.
“The Board of Administrators has advisable a closing dividend of Rs. 21/- per fairness share of face worth of Rs.10/-each (pre-bonus), which interprets into closing dividend of Rs.10.5/- per fairness share of face worth of Rs.10/- per fairness share) (post-bonus), topic to the approval of the shareholders on the ensuing Annual Basic Assembly (AGM). The ultimate dividend can be paid inside 30 days from the date of its declaration on the AGM. The Document Date for the ultimate dividend will likely be intimated individually,” BPCL wrote.
BPCL This autumn Outcomes
The corporate reported a 30 per cent decline in consolidated web revenue of Rs 4,789.57 crore for the January-March quarter monetary yr 2023-24 in comparison with the corresponding determine of Rs 6,870.47 crore in the identical interval final yr.
The decline within the government-owned firm’s revenue comes amid unstable crude oil costs through the quarter which led to a rise in enter prices that would not be totally handed on to customers.
