Coromandel International Limited Recommends Final Dividend for the Year 2019, Payable on or After July 29, 2019
April 23, 2019 at 04:32 pm IST
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The board of directors of Coromandel International Limited at its Meeting held on April 23, 2019, has recommended a final dividend of INR 3.50 per equity share (representing 350%) on the equity shares of INR 1 each fully paid up for the financial year 2018-19. The final dividend, if approved by the shareholders at the upcoming 57th annual general meeting of the company scheduled to be held on July 22, 2019, will be paid on or after July 29, 2019 but within 30 days from the declaration of dividend at Annual General Meeting, as provided in the Companies Act, 2013.
Coromandel International Limited is engaged in the manufacturing and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The Company's segments include Nutrient and other allied businesses, and Crop Protection. Its products and services include fertilizer, crop protection, specialty nutrients and organic. The Companyâs fertilizers consist of nitrogen, phosphate, calcium and potassium in various grades and are available under various brands, such as GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Godavari Ultra DAP, Gromor / Godavari DAP, Gromor MOP and Gromor Urea. Its crop protection products consist of insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers organic fertilizers derived from natural sources like city waste (organic portion only), sugarcane molasses and its by-products, oil cakes and gypsum. The Company operates a network of over 750 rural retail outlets across India.