Sundaram Finance will hold a meeting of the Board of Directors of the Company on 1 November 2018.

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The announcement was made after market hours on Friday, 24 August 2018.

Meanwhile, the S&P BSE Sensex was up 345.37 points or 0.9% at 38,597.17

On BSE, so far 2,211 shares were traded in the counter as against average daily volume of 1,196 shares in the past two weeks. The stock had hit a high of Rs 1,599 and a low of Rs 1,538 so far during the day. The stock had hit a record high of Rs 1,888.55 on 6 June 2018. The stock had hit a 52-week low of Rs 1,418.77 on 30 August 2017.

The large-cap company has equity capital of Rs 111.10 crore. Face value per share is Rs 10.

Sundaram Finance's disbursements grew 19% to Rs 4062 crore in Q1 June 2018 over Q1 June 2017. Assets under Management (AUM) grew 21% to Rs 25740 crore as on 30 June 2018 as compared to Rs 21360 crore as on 30 June 2017.

Set up in 1954, the Sundaram Finance Group's services include financing for the entire range of commercial vehicles, passenger cars, tractors and construction equipment, as well as specially designed working capital products such as fuel finance and tyre finance. The company is also into home loans, mutual funds, non-life insurance, IT, BPO and distribution of a wide range of financial products and services.

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Sundaram Finance announced that the 65th Annual General Meeting (AGM) of the company will be held on 20 July 2018.

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Sundaram Finance announced that the Board of Directors of the Company at its meeting held on 25 May 2018, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

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