Banco Products (I) Limited — Others, 08-02-2025: Retirement

Banco Products (India) Ltd. has approved its standalone and consolidated financial results for the quarter and nine months ended 31st December 2024, accompanied by an unmodified auditor's review. The company declared an interim dividend of ₹11 (550%) per equity share for FY 2024-25, with a record date set for 14th February 2025. Additionally, the board appointed Mr. Pranav Patel and Mr. Anand Majmudar as Independent Directors for five years, subject to shareholder approval, and reappointed Mrs. Ameeta V. Manohar for another term starting 25th April 2025. The board also approved the acquisition of business assets from Padra Coating Works LLP for ₹25.25 lakh, enhancing control over production quality. This strategic move and dividend declaration reflect a positive outlook for investors, suggesting strong financial health and governance.