Mukand Limited — Important, 16-05-2025: General Updates

Mukand Limited has announced a board meeting on the financial results for the quarter and half-year, approving a dividend of Rs. 2 per equity share (20%) and on its 8% Cumulative Redeemable Preference Shares. It completed the slump sale of its Industrial Machinery division to its wholly owned subsidiary Mukand Heavy Engineering Limited in exchange for equity shares, aiming to boost growth and operational efficiency. The division accounted for about 4.6% of revenue and net worth. Auditors DHC & Co. were re-appointed for five years, with a new Secretarial Auditor appointed.