The Board of Directors of Magma Fincorp Limited recommend dividend, subject to the approval of the shareholders at the AGM dividend on equity shares at 40% that is INR 0.80 per equity share of the face value of INR 2 each. The company informed that the 39th AGM of the members of the company will be held on 1 August 2019 and the dividend to be declared at the AGM shall be paid/dispatched on or before 30 August 2019.