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3 Company Board Meetings For Amalgamation, Dividend And Bonus Issue

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A board meeting is a meeting of a company's board of directors that is convened at certain times of the year for discussing company-wide policies including various agenda such as company's quarterly results, dividend etc. This is through these board meets, investors get to assess whether the company they are invested into is performing or not. As per Uday Kotak Committee, all listed companies need to mandatorily conduct board meets at least once every 3 months.

 
3 Company Board Meetings For Amalgamation, Dividend And Bonus Issue

So, here are 3 companies' whose board meetings are scheduled for considering different agendas:

Lohia Securities:

The financial sector company is scheduled to have its board meet today i.e. October 1, 2021. The meet has been convened at the company's registered office in Kolkata for considering the proposal for amalgamation of fully-owned subsidiaries Trade City Securities, Trade City Commodities and Trade City Real Estate (Transferor Companies) with the holding company Lohia Securities (Transferee) in terms of the draft Scheme of Amalgamation.

Lohia Securities is a Kolkata based stock broking and investment banking firm. The company has presence in the Indian Capital market with trading and clearing membership of the NSE. Membership of the BSE, membershipof the Calcutta Stock Exchange Association Ltd. and Dealership of the OTC Exchange of India.

The stock of the company last closed at Rs. 121.05 apiece on the NSE.

Man Infraconstruction Ltd.:

The construction and contracting company will have its board of directors meet on October 4, 2021. This time the agenda is around considering issue of bonus shares. Also, in the same meet, the board will mull upon interim dividend for the financial year 2022. Last the company declared an interim dividend of Rs. 0.9 per share. Notably as far as bonus is concerned, the company has announced any bonus so far.

The company is an infrastructure construction company that offers construction services for port infra, residential, industrial, commercial and road infrastructure projects.

The stock of Man Infra last closed higher by over 1 percent at Rs. 109.9 per share.

 

Infosys:

The Bengaluru-based IT company's board meet is set to be held on October 13, 2021. The IT major will consider the second quarterly results of the financial year 2022. At the same time, it may also consider declaring interim dividend during the meet.

For the April-June quarter the company posted a 22.7 percent increase in net profit to Rs. 5195 crore versus Rs. 4233 crore in the corresponding period of the previous year. For the Fy 2021 the company declared a total dividend of Rs. 27 per share.

Infosys is an Indian MNC Information technology company with leadership position in advanced digital services as well as consulting. The company's subsidiaries include EdgeVerve Systems, Infosys BPM, Infosys Consulting and Infosys Public Services.
The stock last traded at a price of Rs. 1692.25 per share.

GoodReturns.in

Story first published: Friday, October 1, 2021, 9:19 [IST]
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