Net profit of Him Teknoforge rose 60.00% to Rs 3.04 crore in the quarter ended March 2018 as against Rs 1.90 crore during the previous quarter ended March 2017. Sales rose 32.29% to Rs 78.25 crore in the quarter ended March 2018 as against Rs 59.15 crore during the previous quarter ended March 2017.

For the full year,net profit rose 47.13% to Rs 10.52 crore in the year ended March 2018 as against Rs 7.15 crore during the previous year ended March 2017. Sales rose 14.86% to Rs 268.78 crore in the year ended March 2018 as against Rs 234.00 crore during the previous year ended March 2017.

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Gujarat Automotive Gears announced that the Board of Directors of the Company at its meeting held on 30 May 2018, has recommended a final dividend of Rs.0.4 per share (i.e. 0.2), subject to the approval of the shareholders.

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Gujarat Automotive Gears will hold a meeting of the Board of Directors of the Company on 30 March 2018 to consider issue and allotment of Equity shares pursuant to scheme of Amalgamation.

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Gujarat Automotive Gears has been renamed as Him Teknoforge , pursuant to the Scheme of Amalgamation sanctioned by Hon'ble National Company Law Tribunal, Chandigarh Bench vide their order dated 09 January, 2018.

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