Ucal Fuel Systems announced that the Board of Directors of the Company at its meeting held on 21 May 2018, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Net loss of Ucal Fuel Systems reported to Rs 90.77 crore in the quarter ended March 2018 as against net profit of Rs 3.65 crore during the previous quarter ended March 2017. Sales rose 11.36% to Rs 144.25 crore in the quarter ended March 2018 as against Rs 129.53 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 59.32 crore in the year ended March 2018 as against net profit of Rs 25.69 crore during the previous year ended March 2017. Sales rose 1.85% to Rs 577.62 crore in the year ended March 2018 as against Rs 567.15 crore during the previous year ended March 2017.

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Ucal Fuel Systems will hold a meeting of the Board of Directors of the Company on 21 May 2018, to consider and approve the Audited Financial Results of the Company for quarter ended March 31, 2018 and for the financial year ended March 31, 2018, and to consider and recommend dividend if any, for the Financial year 2017-18.

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Ucal Fuel Systems will hold a meeting of the Board of Directors of the Company on 30 March 2018.

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