With a market of Rs. 1,518.05 Crore, Jagran Prakashan Limited is a small-cap company dealing in Media and Entertainment industry. Consumer Discretionary Goods and Services (CDGS) is the industry in which the firm operates. The Board of the Company has approved the payment of Interim Dividend of face value of 2/- (ie 200) on 26,36,54,272 Fully Paid-up Equity Shares of 4/- per Equity Share for the Financial Year 2022-23. %), resulting in . yields a dividend of 6.94% at the current market price of 57.60.
The company has said in a regulatory filing that “in furtherance of our letter dated July 26, 2022 and in accordance with the provisions of Regulation 30(2), 33 and 52 of the Securities and Exchange Board of India (Listing and Disclosure Requirements) Regulations, 2015 time -As amended from time to time (“Listing Regulations”), the Board of Directors in its meeting held today i.e. Saturday, the 6th August, 2022, which began at 12:30 PM and ended at 02:30 PM, – ALIA:- Financial 4/- (Rupees four only) for the year 2022-23 contemplated and approved on 26,36,54,272 fully paid-up equity shares of 2 face value per equity share./- (Only two rupees) each (i.e. 200%), subject to deduction of tax (subject to tax deducted at source) in accordance with the applicable provisions of the Income Tax Act, 1961, as amended from time to time. As per the provisions of regulation 42 of the Listing Regulations, the financial year For the purpose of determining the eligibility of shareholders to receive interim dividend for 2022-23, the record date has been fixed as Friday, August 19, 2022. Interim to such shareholders Dividend will be paid on or before September 2, 2022.”
Jagran Prakashan in its earnings statement said that “During the quarter ended June 30, 2022, the Company acquired 2,915,512 equity shares of its subsidiary Music Broadcast Limited (“MBL”) from the open market at an average price of Rs.663.17 lakh. 22.75 per share. In pursuance thereof, the Company’s stake in MBL has increased from 73.21 per cent as on March 31, 2022 to 74.05 per cent as on June 30, 2022.”
Shares of Jagran Prakashan Limited stood at Rs. 57.60 per share, up 4.82 per cent from the previous close. The stock is down 10.63 percent over the past year, and on a year-over-year basis, it’s down 7.47 percent so far in 2022. The stock has lost 17.24 per cent but gained 11.84 per cent in the past six months. Hundred in the last one month.
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