Mastek Limited Recommends Final Dividend for the Financial Year Ended March 31, 2018
April 18, 2018 at 11:43 am
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Mastek Limited announced that at its board meeting held on April 18, 2018, recommended the payment of a final dividend for the financial year 2017-18, subject to the shareholder's approval at the upcoming Annual General Meeting, at the rate of 80% that is INR 4.00 per equity share of INR 5 each. The total dividend for the financial year ended March 31, 2018 (including interim dividend of INR 2.00/- per share approved on October 26, 2017) stands at INR 6.00/- per share as compared to the total dividend of INR 3.50/- per share paid for the year ended March 31, 2017. Accordingly, the said dividend, if approved by the members at the Annual General Meeting of the company will be paid within 30 days from the date of AGM to those Members whose names stand on the Register of Members as on June 12, 2018.
Mastek Limited is an enterprise digital and cloud transformation specialist. The Company is a provider of vertically focused enterprise technology solutions. It operates through four segments: United Kingdom & Europe operations, North America operations, Middle East operations, and Others. The portfolio of its offerings includes business and technology services, which consist of application development, application maintenance, business intelligence and data warehousing, and legacy modernization. Its services include digital application and cloud Engineering, oracle cloud and enterprise applications, digital commerce and experience, data, automation and artificial intelligence, and cloud enhancement services. It caters to various industries, including public sector and government, healthcare and life sciences, retail and consumer, manufacturing, and industrial, and financial services. It carries out its operations in India and has its software development centers in India.