Morarka Finance Recommends 40% Dividend, Rs. 4 per share
Mumbai, May 04, 2022:On 29th April 2022, Board of Directors of leading NBFC, Morarka Finance Limited (The Company) has recommended a dividend of 40% (i.e. 4/- per equity shares of face-value of Rs 10/- each fully paid-up equity shares) for the financial year ended on 31st March 2022, subject to the approval of shareholders at the ensuing AGM on 28th June 2022 andthe same would be payable to those shareholders whose name appear in the register of members as on Tuesday 21st June 2022 (record date.)
For financial year 2021-22 company has earnedprofit after tax of Rs. 3,69,23,436 as compare to financial year 2020-21 of Rs. 68,50,380.
Speaking on declaring the dividend, Mr. B. J. Maheshwari, Director, said, “We take this opportunity to thank all our shareholders for their constant support and trust in Morarka Finance. We will continue to create value for shareholders and further strengthen our leadership position in the NBFC sector.”