Team News Riveting
Raipur, May 17
Sarda Energy and Minerals Limited (SEML), the flagship arm of Chhattisgarh-based Sarda Group, has convened the Board meeting on May 27 to consider the financial results and dividend for the financial year ended March 31, 2023.
‘The meeting of the Board of Directors of the Company is scheduled to be held on 27th May 2023, to inter alia, consider and approve the audited financial and segment wise results (standalone and consolidated) for the F.Y. (financial year) 2022-23 and matters related, incidental thereto,” SEML said in a regulatory filing today.
Besides, the Board of Directors would also consider and recommend dividend, if any, for the financial year ended March 31, 2023 and matters related, incidental thereto, the company added.
The Board will also consider a proposal for sub-division of the Equity shares of the Company having face value of Rs 10 each, in such manner as may be determined by the Board of Directors, subject
to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company and matters related, incidental thereto, SEML said in the filing.
The company has reported 18 per cent year-on-year (YoY) decline in its consolidated profit after tax (PAT) during the first nine months of the last fiscal (9MFY23) ended December 31, 2022.
The company disclosed the results of the third quarter (Q3) and 9MFY23 that ended December 31, 2022 at the Investor Presentation. It reported a consolidated profit of Rs 489 crore after paying the taxes in 9MFY23 that was 18 per cent less compared to Rs 600 crore PAT earned during 9MFY22.
