REPL::Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
MEGHMANI ORGANICS LIMITED
Security
MEGHMANI ORGANICS LIMITED - SG1P93919998 - M30

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
28-Sep-2021 19:25:32
Status
Replacement
Corporate Action Reference
SG210920DVCAB3OC
Submitted By (Co./ Ind. Name)
Kamlesh Dinkerray Mehta
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
18
Dividend/ Distribution Type
Final
Financial Year End
31/03/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
INR 0.7

Event Narrative

Narrative Type
Narrative Text
Additional TextThis replacement announcement is to:
Additional Text1. Change the payment date from 29 September 2021 to 4 October 2021; 2. Specify the tax rate; 3. Specify the exchange rate used for the conversion from INR to SGD; and 4. Reflect the "Gross Rate (Per SDS)" and "Net Rate (Per SDS)".
Additional TextThe other details in this announcement remain unchanged.
Additional TextThe Final Dividend of Rs.1.40 per Ordinary Share of Rs.1/- each (or Rs.0.70 per SDS) for the FYE 31 March 2021 which was originally scheduled to be made on 29 September 2021 will be delayed due to the intervening holidays in India which resulted in the delay in the final remittance of funds to Singapore.
Additional TextThe Dividend Payment is now scheduled to be paid on or before 4 October 2021.
Taxation ConditionsThe dividends payable on 4 October 2021 in respect of the Singapore Depository Shares are subject to India income tax withholding at a rate of 23.92%.
Additional TextThe Company has made the necessary arrangement to convert the Final Dividend from INR to SGD for entitled shareholders at the rate of SGD 1= INR 54.891.

Event Dates

Record Date and Time
19/05/2021 17:00:00
Ex Date
18/05/2021

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
23.92
Gross Rate (Per Share)
INR 0.7
Net Rate (Per Share)
INR 0.53256
Pay Date
04/10/2021
Gross Rate Status
Actual Rate

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities