Milkfood Ltd Share Price: Shares of fast-moving consumer goods (FMCG) major Milkfood Ltd rallied 20 per cent on Thursday, June 20, after the company announced that it may consider announcing an interim dividend and a bonus issue soon. The FMCG major declared that it will conduct its board meeting on June 25 where it may consider approving the dual corporate action.
In a regulatory filing to the stock exchanges, Milkfood said, ‘’We hereby inform you that a Meeting of the Board of Directors of the Company will be held on Tuesday, the 25th day of June, 2024 to inter alia, consider and approve the following matter:
1. The proposal for payment of interim dividend if any, on the equity shares of the company.
2. The proposal for Bonus Issue along-with other matter, if any, as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company.
3. The proposal for sub-division of company’s equity shares having face value of ₹10/- each and matters related thereto, as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the company.”
On Thursday, shares of Milkfood opened at ₹576.00 and gained 17.86 per cent to hit an intra day high of ₹678.90 before settling 20 per cent higher at ₹678.90 apiece on the BSE.
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Published: 20 Jun 2024, 06:12 PM IST
