The Board of Directors of Rallis India Limited on April 21, 2022 recommended a dividend of Rs.3 / – per equity share. Announced dividend of 1 / – (300%) per capita (FY) for the financial year ended March 31, 2022. This was subject to shareholder approval at the company’s 74th Annual General Meeting (AGM). The registration date for this dividend is set for tomorrow, June 7, 2022.
Raleigh India is a subsidiary of Tata Chemicals of the Tata Group. Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America.
Rallis India has reported a consolidated loss of Rs 14 crore in the March 2022 quarter due to a number of challenges, including the seed trade, compared to a profit of Rs 8 crore in January-March 2020-21.
Chemicals’ consolidated revenue rose 7.8% to Rs 508 crore during the quarter under review from Rs 471 crore in the year-ago period. This year the company delivered a flexible performance. Domestic crop maintenance business grew by 14% and exports by 6% during the year.
Shares of the (YTD) Tata Group of Chemicals have fallen by more than 27% in the year-to-year basis so far in 2022, while shares have fallen by more than 38% in one year.