Ashapura Minechem announced that the Board of Directors of the Company at its meeting held on 30 May 2022, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of Ashapura Minechem declined 63.51% to Rs 12.33 crore in the quarter ended March 2022 as against Rs 33.79 crore during the previous quarter ended March 2021. Sales rose 3.62% to Rs 331.22 crore in the quarter ended March 2022 as against Rs 319.65 crore during the previous quarter ended March 2021.

For the full year,net profit declined 1.10% to Rs 86.52 crore in the year ended March 2022 as against Rs 87.48 crore during the previous year ended March 2021. Sales rose 11.30% to Rs 1277.84 crore in the year ended March 2022 as against Rs 1148.11 crore during the previous year ended March 2021.

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Ashapura Minechem will hold a meeting of the Board of Directors of the Company on 30 May 2022.

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NRB Industrial Bearings Ltd, Menon Bearings Ltd, Meera Industries Ltd and Aarti Surfactants Ltd are among the other gainers in the BSE's 'B' group today, 23 March 2022.

Ashapura Minechem Ltd spiked 20.00% to Rs 124.8 at 12:06 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 85438 shares were traded on the counter so far as against the average daily volumes of 45934 shares in the past one month.

NRB Industrial Bearings Ltd soared 19.31% to Rs 25.95. The stock was the second biggest gainer in 'B' group. On the BSE, 18674 shares were traded on the counter so far as against the average daily volumes of 3351 shares in the past one month.

Menon Bearings Ltd surged 15.26% to Rs 95.15. The stock was the third biggest gainer in 'B' group. On the BSE, 1.34 lakh shares were traded on the counter so far as against the average daily volumes of 9390 shares in the past one month.

Meera Industries Ltd added 14.43% to Rs 108.25. The stock was the fourth biggest gainer in 'B' group. On the BSE, 71679 shares were traded on the counter so far as against the average daily volumes of 29586 shares in the past one month.

Aarti Surfactants Ltd gained 14.43% to Rs 876.05. The stock was the fifth biggest gainer in 'B' group. On the BSE, 4617 shares were traded on the counter so far as against the average daily volumes of 3078 shares in the past one month.

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