Sinclairs Hotels announced that the Board of Directors of the Company at its meeting held on 30 June 2020, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net loss of Sinclairs Hotels reported to Rs 0.80 crore in the quarter ended March 2020 as against net profit of Rs 3.26 crore during the previous quarter ended March 2019. Sales declined 21.71% to Rs 9.45 crore in the quarter ended March 2020 as against Rs 12.07 crore during the previous quarter ended March 2019.

For the full year,net profit declined 2.67% to Rs 9.49 crore in the year ended March 2020 as against Rs 9.75 crore during the previous year ended March 2019. Sales declined 0.66% to Rs 45.45 crore in the year ended March 2020 as against Rs 45.75 crore during the previous year ended March 2019.

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Sinclairs Hotels will hold a meeting of the Board of Directors of the Company on 30 June 2020.

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Sinclairs Hotels has fixed 18 June 2020 as record date for sub-division of equity shares of face value of Rs 10 (Rupees Ten) fully paid up into 5 (Five) Equity Shares of face value of Rs 2 (Rupees Two) each fully paid.

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