Sharda Cropchem Limited Approves Interim Dividend for the Financial Year 2018-19, Payable on February 23, 2019; Approves Resignation of Conrad Fernandes as Chief Financial Officer
January 24, 2019 at 04:28 am EST
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The Board of Directors of Sharda Cropchem Limited approved Interim Dividend at the rate of INR 2.00 per equity share of face value of INR 10.00 each for Financial Year 2018-19 at the board meeting held on January 24, 2019. The record date for the purpose of interim dividend will be February 5, 2019. The dividend will be payable on February 23, 2019.
The company accepted the resignation of Mr. Conrad Fernandes as chief financial officer of the company, effective December 31, 2018.
Sharda Cropchem Limited is an India-based agrochemicals company. The Company is focused on agrochemicals and non-agrichemical businesses. The Company operates through an asset-light business model, and its core competency lies in developing product dossiers and obtaining product registrations in different countries. The Company operates through two segments: Agrochemicals and Non-agrochemicals. Agrochemicals segment is engaged in Insecticides, Herbicides, Fungicides and Biocides. Non-agrochemicals segment is engaged in Conveyor Belts, V Belts and Timing Belts. Its product portfolio in the agrochemical business comprises formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and a range of formulations and generic active ingredients. The product portfolio in the non-agrochemical business comprises belts, general chemicals, dyes and dye intermediates.
Sharda Cropchem Limited Approves Interim Dividend for the Financial Year 2018-19, Payable on February 23, 2019; Approves Resignation of Conrad Fernandes as Chief Financial Officer