A business unit of the Esquire Group, Esquire Knit Composite Limited, has reportedly recommended a 15 per cent cash dividend for the year ended on 30 June 2020, to its shareholders.
As per media reports, the Board of Directors of Esquire Knit Composite has recommended this, the decision towards which was taken during a board meeting held on 3 November (Tuesday).
However, the final approval to this end would reportedly be taken on 21 February 2021, the day on which the annual general meeting is supposed to be held virtually.
According to an official disclosure, the record date is set as 10 December.
It may be mentioned here the company – in the company sponsors and Directors jointly own 46.95 per cent of the company’s shares, while institutional investors and general investors hold 40.67 per cent and 12.38 per cent respectively – for the 2018-19 financial year, also paid 15 per cent cash dividend to its shareholders.
