Uflex Limited Recommends Dividend for the Financial Year Ended March 31, 2017; Appoints Mr. Pradeep Poddar as Additional Director
May 30, 2017 at 10:54 am EDT
Share
Uflex Limited at its board meeting held on May 30, 2017, recommended a dividend of INR 3.50 per equity shares of INR 10 each (35%) for the financial year ended March 31, 2017.
The company also announced that Mr. Pradeep Poddar was appointed as Additional Director (Independent) of the company with effect from May 30, 2017.
UFLEX Limited is an India-based flexible packaging materials and solutions company. The Company operates through two segments: Flexible Packaging Activities and Engineering Activities. The Flexible Packaging Activities segment is engaged in manufacturing and exporting a wide variety of products such as flexi-tubes, lids, confectionery foils, and others. The Engineering Activities segment is engaged in manufacturing packaging, printing, and allied machines. Its business consists of aseptic liquid packaging, flexible packaging, packaging films, chemicalâs business, printing cylinders, engineering business and holography business. It manufactures a variety of flexible packaging films, such as biaxially oriented polypropylene (BOPP) films, biaxially oriented polyethylene terephthalate (BOPET) films, cast unoriented polypropylene (CPP) film, metalized films, alox coated films and post-consumer recycled content (PCR) grade polyethylene terephthalate (PET) films asclepius.