Maiden Dividend: Mid Cap Logistics Stock Under Rs 35 Approves Dividend, Shares Soar 4.98%

Mid cap logistics solutions provider Autoriders International Ltd shares gained 4.98% in trade today. Last trading price of Autoriders International shares is Rs 34.79 apiece. The board of directors of Autoriders International approved an interim dividend of Re 0.50 per equity share having face value of Rs 10/- each for the financial year 2023-24. The company fixed March 15, 2024 as the record date for interim dividend. Check details below:

Autoriders International Recommends Interim Dividend: As per the BSE filing of the company dated March 1, 2024, "Board of Directors of the Company at its meeting held today i.e., Friday, 1st March, 2024 had inter-alia considered and declared the Interim Dividend at the rate of 5% (Five Percent) i.e Re. 0.50 per Equity Share bearing Face Value of Rs. 10/- each for the financial year 2023-24. Total payout of Interim Dividend is Rs 2,45,070/- (Rupees Two Forty-Five Thousand Seventy Only). The interim dividend will be paid within stipulated timelines as prescribed under law."

Autoriders International Sets Record Date For Interim Dividend: The regulatory filing added, "further pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and disclosures Requirements) Regulations, 2015, Friday, 15th March, 2024 has been fixed 'Record Date' to determine the list of eligible members for the payment of Interim Dividend."

Autoriders International Ltd Shares: The 52-week high price of Autoriders International shares on BSE is Rs 34.79 apiece and 52-week low price is Rs 30.07 apiece, respectively. The company's market capitalisation is Rs 1.71 crore.

Autoriders International Financials: The company for the quarter ended December 31, 2023 declared its standalone total income at Rs 21.46 crore, up 3.34% as compared to last quarter total income of Rs 20.76 crore. It announced its net profit after tax at Rs 3.20 crore in the recent quarter.

About: Autoriders International Ltd a part of Autoriders Group - was established in 1994, to offer premium cars rental services in India. The company, with an unbending commitment to uphold impeccable standards of service delivery quality, by putting the customer first in every area of our operations, is placed among the most trusted names in the industry. It is one of the few providers of self-drive rental cars in the country. It also maintains an extensive fleet of chauffeur-driven cars. In addition, it also offers airport transfer services and domestic and international tour packages, according to its official website.

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