Subros Limited Recommends Dividend for the Year Ended March 31, 2021
June 29, 2021 at 04:45 am EDT
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Subros Limited announced that at its board meeting held on June 29, 2021, recommended a dividend of INR 0.70 (35%) per equity share of INR 2 each for the year ended March 31, 2021. The register of Members will remain closed from September 8, 2021 to September 14, 2021 (both days inclusive). The dividend is subject lo approval of shareholders at the upcoming annual general meeting of the Company to be held on September 14, 2021.
Subros Limited is an India-based manufacturer of thermal products for automotive applications. The Company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete air conditioning (AC) loop and caters to all segments, such as passenger vehicles, buses, trucks, refrigeration transport and railways. Its car AC and engine cooling parts products include blower, evaporator, cooling module, and hoses and tubes. Its railway AC products include roof mounted driver cab AC for diesel automotive, driver cab AC electric automotive and EMU cab AC. The Company's transport refrigeration system products include reefer SL 1400, reefer SL 3500, evaporator unit SL 3500, reefer SL 500 and compressor. It has a range of residential air conditioners, such as window AC and split AC system (inverter and fixed speed range) and supplies these products as original equipment manufacturer (OEM)/original design manufacturer (ODM) to various brands in the market.