Vedant Fashions Limited Proposes Dividend for the Financial Year Ended March 31, 2022
May 09, 2022 at 01:44 pm EDT
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Vedant Fashions Limited has recommended a dividend of INR 5/- (Indian Rupees Five only) per fully paid-up equity share of INR 1/- each for the financial year ended March 31, 2022, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Company.
Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. The Company operates primarily in the manufacturing and trading of readymade garments being Indian wedding and celebration wear for men, women and kids. The Companyâs products include men's ethnic and celebration wear items, such as Indo-western, sherwanis, kurtas, and jackets, and accessories, such as jutti, safa and mala, and womenâs ethnic and celebration wear items, such as lehengas, sarees, stitched suits, gowns and kurtis. The Company operates through a single segment, branded fashion apparel and accessories. The Company has approximately 600+ stores in over 200 cities and in three countries with 11 international stores in the United Arab Emirates and the United States.