Dollar Industries Limited hosts 27thAnnual
General Meeting
Chennai, 4th September, 2020: Dollar Industries Limited (BSE: 541403; NSE : DOLLAR), one of the leading Garment & Hosiery
Company in the country conducted its 27th
Annual General Meeting on 1st September, 2020 through Video
Conferencing due to the Covid-19 pandemic.
Highlights of 27th
Annual General Meeting
§ Declaration of dividend @ 85 % i.e. 1.70 per share (on FV Rs. 2 each) on equity shares for FY 2019-20.
§ Adoption of Audited Financial Statements for the FY 2019-20
having consolidated revenue of Rs. 974.03 crores and PAT of 57.34 crores.
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During the AGM, the shareholders
approved all the resolutions including the adoption of Audited Financial
Statements of the company for the FY 2019-20 and approval of final dividend of Rs.
1.70 per
share. The cut-off date for final dividend payout was 25th August,
2020.
While addressing the shareholders, Mr.
Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “The
Covid-19 pandemic, has changed and disrupted life for everyone in this country,
it is a tough situation where the organization is trying to strike the right
balance between employee safety and efficiency. While the outlook is
challenging and uncertain, we are determined to play our part to recover from
the crisis.”
On the way forward, he added, “As
the global economy is battling the adverse effects of the pandemic, companies
and businesses all around are making brave business decisions every day. Now is
the time that the businesses need to think out of the box as well as be
adaptive. It is the need of the hour for companies to re-examine the
traditional and conventional procedures and implement new appraisal processes
and programs to sustain and scale their business”.
In May 2020, Dollar Industries
Limited concluded its first ever digital launch with our brand ambassador Mr.
Akshay Kumar. In order to simplify and consolidate its product offering, Dollar
Industries Limited revamped its brand architecture and introduced a fresh
vision ‘Wear The Change’.
Additionally, keeping in mind the
health and safety of its consumers, Dollar Industries Limited will soon launch
a unique range of products. Clubbed with new age technology and Dollar’s
trusted products, the upcoming range will be soon available for consumers
across the country on e-commerce as well as offline stores.
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