Mayur Uniquoters Limited Approves Second Interim Dividend for the Financial Year 2020; Approves Audit Committee Changes
November 12, 2019 at 06:59 am EST
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The Board of Directors of Mayur Uniquoters Limited at their meeting held on November 12, 2019, declared second interim dividend for the financial year 2020 of INR 1.00 (20%) per equity share of INR 5 each. Approved and fixed November 22, 2019 as record date for the payment of Second Interim Dividend for the financial year 2020.
Mr. Shyam Agrawal, Chairman of Audit Committee briefed to the Board of Directors that he is occupied in other various engagements. So, he desired that Board may appoint any other Independent Director as the Chairman of Audit Committee accordingly Board of Directors discussed and decided that Mr. Arvind Kumar Sharma will chair the same. However, Mr. Shyam Agrawal will continue as the member of Audit Committee.
Mayur Uniquoters Limited is an India-based manufacturer of artificial leather. The Company is engaged in the business of manufacturing of coated textile fabrics, artificial leather and polyvinyl chloride (PVC) vinyl, which are widely used in different segments such as footwear, furnishings, automotive original equipment manufacturer, automotive replacement market, and automotive exports. It operates through a single segment, manufacturing and sale of PU/PVC Synthetic Leather. Its products include automotive, footwear, furnishing, and leather goods and garments. It offers a range of leather for the automotive industry, which is used in various parts, including seats, door trims, steering wheel covers, gear boot and knob covers, roof lining, sun visors and hoods. It offers products for various parts of footwear, such as shoe uppers, shoe lining and insoles. These products find application in formal shoe and boots, sports shoes, sandals, slippers as well as high end womenâs footwear.