Over 235 Year Old EID-Parry Approves Second Interim Dividend Of Rs 4/Share

Board of directors of over 100 year old Murugappa Group-backed firm, EID-Parry, has approved second interim dividend of Rs 4 per share representing 400 per cent, on the equity share of face value of Re 1 each fully paid.

The company has fixed April 21, 2023 as the record date for the payment of interim dividend.

"The Interim Dividend shall be paid to •those shareholders whose name appear in the Register of Members of the company as on the Record Date in respect of shares held in physical form and in case of shares held in dematerialised form, as per the details to be furnished by the Depositories as on the Record Date," EID-Parry said in a stock exchange filing.

"The Interim Dividend will be paid on or after May 3, 2023 but within 30 days from date of declaration of Interim Dividend, as provided under the Companies Act, 2013," EID-Parry added.

EID-Parry shares fell 0.06 per cent to Rs 491 after the company informed announced second interim dividend.

EID-Parry's profit at the end of December quarter came in at Rs 15.78 crore compared 18.29 crore during the same period last year. Its revenue from operations rose 6 per cent to Rs 727 crore from Rs 686 crore at the end of December quarter in 2021.

Founded in 1788, ‘Parry’ has been a household name for over 235 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842.

Amongst the leading sugar manufacturers in India, E.I.D. Parry’s 6 sugar plants and 1 standalone distillery are spread across South India. These state-of-the-art plants with a combined sugarcane crushing capacity of 40,300 TCD, co-generation capacity of 140 MW and Distillery capacity of 417 KLPD are located at Nellikuppam, Pugalur, and Sivaganga in Tamil Nadu, Sankili in Andhra Pradesh and Bagalkot, Haliyal and Ramdurg in Karnataka.