Emami has received shareholders’ approval for the proposed bonus issue. The company is rewarding its shareholders with a 1:1 bonus issue and also a dividend proposal of ₹7 a share of face value ₹1 each.
The company has fixed June 22 as the record date to identify the eligible shareholders to receive the bonus shares as well as dividend payment.
The bonus shares will be issued out of profits or surplus reserves of the company available as at March 31, 2018.
Currently, promoters hold 72.74 per cent stake in the company.