At meeting held on 14 May 2019
The Board of Magadh Sugar & Energy at its meeting held on 14 May 2019 has recommended a dividend of Rs. 2/- per equity share of Rs. 10/- each (Pre-bonus issue) for the year ended March 31, 2019, subject to approval of the Shareholders.The Board has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 4:10 i.e. 4 (four) bonus equity share of Rs 10/- each fully paid-up for every 10 (ten) existing share of Rs. 10/- each held by the members, subject to the shareholders' approval through Postal Ballot.
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