Schaeffler India Limited Recommends Dividend for the Year Ended December 31, 2019
February 12, 2020 at 10:45 am EST
Share
Schaeffler India Ltd. announced that the Board of Directors of the Company at its meeting held on February 12, 2020, has recommended a Dividend of INR 35 per Equity Share of face value of INR 10 each. The Dividend for the year ended December 31, 2019, if declared by the shareholders at the upcoming Annual General Meeting shall be paid within 30 days from the date of AGM.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Company's segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.
SCHAEFFLER INDIA LIMITED 
