Man Industries announce 20 per cent interim dividend

On Friday, Man Industries (India) Limited, one of the largest manufacturer and exporter of large diameter carbon steel line pipes have announced 20 per cent interim dividend to its shareholders.

The board of directors of the company at its meeting held on March 12, 2020, has declared an interim dividend of 20 per cent, which is, Rs 1 per equity share of the face value of Rs 5 each for the financial year 2019-2020.

The interim dividend for the financial year 2019-2020 will be paid within the stipulated time to those members whose names appear in the register of members of the company and/or register of beneficial owners maintained by the depositories as on the record date, March 21, 2020.

Man Industries (India) Limited is engaged in the manufacturing and coating of large diameter carbon steel pipes, infrastructure and realty and trading. In addition, the company also manufactures and exports large diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products and potable water.

At 1 pm on Friday, the stock was trading at Rs 39.65, up by 8.19 per cent or Rs 3 per share. The 52-week high is recorded at Rs 74.30 and the 52-week low is Rs 33 on BSE.