Bombay Burmah Trading Corp. Board To Consider Second Interim Dividend On Friday

Bombay Burmah Trading Corp. on Tuesday said that its board will consider the proposal of a second interim equity dividend on Friday.

The Wadia Group company’s board of directors will consider the proposal for declaration of the second interim equity dividend, if any, for the financial year 2024-25 at its meeting that will be held on March 21, according to its exchange filing.

The disclosure added that the trading window for its equity shares will remain closed for designated persons and their immediate relatives till the expiry of 48 hours after the declaration of interim dividend.

This is being done in accordance with the company’s Code of Conduct for Prevention of Insider Trading.

On Monday, Bombay Burmah Trading had informed via stock exchange filings that it had entered into a sale deed for its land situated in Kanyakumari District.

The company also said that it received Rs 36.47 crore as consideration from the sale of the assets.

The sale involved Phase 1 and Phase 2 of lands situated at Aralvaimozhi Village in Tamil Nadu's Kanyakumari district, the company stated, adding that they were non-critical to its business operations.

The company had clarified that the buyers do not belong to its promoter, promoter group, or any group companies.

While the Phase 1 plot was bought by M/s Annai Constructions, the Phase 2 asset's buyers were Suthesa Hemalatha and G. Sujitha Priyanka, the filing added.

Shares of Bombay Burmah Trading Corp. closed 3.23% higher at Rs 1,691.90 apiece on the BSE, compared to a 1.53% advance in the benchmark Sensex.