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Avadh Sugar surges 13% on bonus issue proposal

The board of directors of the company will meet on Monday, May 13, 2019 to consider a proposal for issue of bonus shares.

Sugar, sugarcane
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SI Reporter Mumbai
Avadh Sugar & Energy shares surged 13 per cent to Rs 518 in early morning trade on the BSE on Thursday after the company announced that the board will meet on Monday (May 13) to consider maiden bonus issue.

The company had said, on April 26, that a meeting of the board of directors of the Company will be held on Monday 13th May, 2019 to consider and approve the audited financial statements of the Company for the financial year ended on 31st March, 2019 and to consider recommendation of dividend, if any.

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