Voltas Limited Proposes Dividend for 2020-21, Payable on or After September 1, 2021
May 20, 2021 at 09:16 am EDT
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Voltas Limited announced that at the AGM to be held on August 27, 2021, the company proposed dividend of 500% (Rs.5 per share of Re.1 each) for 2020-21, subject To Approve the shareholders at the 67th AGM. The, dividend shall be subject to deduction of tax at source, as applicable and shall be paid on or after 1st September, 2021.
Voltas Limited is an India-based air conditioning and engineering solutions provider and a projects specialist. The Company's segments include Unitary Cooling Products, Electro - Mechanical Projects and Services, and Engineering Products and Services. Unitary Cooling Products segment includes manufacturing, selling and after sales services of cooling appliances and cold storage products, and facilities maintenance and hard services, such as operations and maintenance contracts in various sectors, retrofits and energy management, among others. Electro - Mechanical Projects and Services segment includes electro-mechanical projects, such as electricals, heating, ventilation and air conditioning, plumbing, extra low voltage and specialized services, and water solutions, such as comprises water treatment solutions for industrial, oil and gas and domestic sewage segments, among others. Engineering Products and Services segment includes textile machinery and mining and construction equipment.