Ecoplast Limited Recommends Dividend, Payable on or After September 15, 2023
July 07, 2023 at 07:47 am
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The Board of Directors of Ecoplast Limited at its meeting held on 25th May, 2023 had recommended dividend of INR 1.50 per Equity Share of INR 10 each of the Company for approval by the shareholders at the
AGM scheduled to be held on 2nd September, 2023. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and the Share Transfer books of the Company will remain closed from 26th August, 2023 to 2nd September, 2023 (both days inclusive). The Company has fixed 25th August, 2023 as the "Record Date" for determining entitlement of Members to dividend for the financial year ended 31st March, 2023. If the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after 15th September, 2023 as under: a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on 25th August, 2023; b) To all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on 25th August, 2023.
Ecoplast Limited is an India-based company, which is engaged in the business of manufacturing, processing and selling co-extruded plastic film for packaging and industrial applications. The Company operates through the Plastic Films segment. The principal place of business of it is at Abrama-Valsad. It caters to both domestic and international markets. It uses multilayer polyethylene and co-polymer films for laminating to one or more substrates, such as polyester film, biaxially oriented polypropylene film, often in combinations with aluminum foil and/or paper, depending upon the packaging system and the product to be packed. Its products EcoGen-Lamination Films, EcoProtect-Surface Protection Films, EcoBond-Adhesive Films and EcoPrime-Speciality Films. It serves applications, including a film for the aluminum composite panel, films for surface protection and fast-moving consumer goods (FMCG) and pharma packaging. The Company's wholly owned subsidiary is Synergy Films Private Limited.