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Man Industries (India) Ltd Announces 20% Interim Dividend || infrabuddy.com

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Man Industries (India) Ltd Announces 20% Interim Dividend

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Mumbai, March 12, 2020: Man Industries (India) Limited, one of the largest Manufacturer and Exporter of large diameter carbon steel line pipes have announced 20 percent interim dividend to its shareholders.

Mumbai, March 12, 2020: Man Industries (India) Limited, one of the largest Manufacturer and Exporter of large diameter carbon steel line pipes have announced 20 percent interim dividend to its shareholders.

The Board of Directors of the company at its Meeting held on March 12, 2020, have declared an interim dividend of 20% i.e Rs. 1.00 per equity share of the face value of Rs. 5/- each for the financial year 2019-2020.

The Interim Dividend for the financial year 2019-2020 will be paid within the stipulated time to those members whose names appear in the Register of Members of the Company and/or Register of Beneficial Owners maintained by the Depositories as on the Record Date i.e. 21st March 2020, already announced for the purpose vide the letter Dated 06.03.2020.

About MAN Group

Man Group, promoted by the Mansukhani family in 1970, incorporated its flagship company Man Industries (India) Limited in1988. The Company is a part of the well-diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Mansukhani. Starting as an Aluminum Extruder in 1988, MAN Industries is now one of the largest players in large diameter carbon steel line pipes and Coating Systems.

It has state of the art manufacturing facilities with a total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection and Occupational Health & Safety Standards and is accredited by lS0-9001, ISO 14001 & OHSAS 18001 certification. The shares of the Company are listed with the Bombay Stock Exchange and National Stock Exchange.

Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend-paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.

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