Bhandari Hosiery Exports Limited at the Board meeting held on May 29, 2019, recommended the dividend of INR 0.01 per share (i.e.) at 1% of Equity Shares of the face value of INR 1 each for financial year 2018-19 subject to the approval of the shareholders of the Company at the upcoming General Meeting. Dividend, if approved by the Members shall be paid within 30 days of the declaration of dividend at the Annual General Meeting.

The company approved the appointment of Mr. Surinder Kumar Kapoor as the Additional Non-Executive Independent Director of the Company with effect from June 1, 2019.

The company reported audited earnings results for the fourth quarter and full year ended March 31, 2019. For the quarter, the company reported total revenue of INR 955.422 million compared to INR 693.875 million a year ago. Net profit available for equity shareholders was INR 11.534 million compared to INR 18 million a year ago. Basic earnings per share was INR 0.08 compared to INR 0.12 a year ago. Revenue from operations was INR 954.882 million against INR 693.419 million a year ago.

For the year, the company reported total revenue of INR 2,663.928 million compared to INR 2,484.297 million a year ago. Net profit available for equity shareholders was INR 53.554 million compared to INR 49.570 million a year ago. Basic earnings per share was INR 0.37 compared to INR 0.34 a year ago. Revenue from operations was INR 2,662.62 million against INR 2,483.474 million a year ago.