Munjal Auto Industries announced that the Annual General Meeting (AGM) of the company will be held on 31 August 2019.

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Net profit of Munjal Auto Industries declined 7.26% to Rs 9.83 crore in the quarter ended March 2019 as against Rs 10.60 crore during the previous quarter ended March 2018. Sales rose 0.54% to Rs 269.51 crore in the quarter ended March 2019 as against Rs 268.05 crore during the previous quarter ended March 2018.

For the full year,net profit declined 20.05% to Rs 33.25 crore in the year ended March 2019 as against Rs 41.59 crore during the previous year ended March 2018. Sales rose 11.03% to Rs 1146.98 crore in the year ended March 2019 as against Rs 1033.07 crore during the previous year ended March 2018.

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Munjal Auto Industries announced that the Board of Directors of the Company at its meeting held on 22 May 2019, has recommended a Final dividend of Rs.1 per share (i.e.50%), subject to the approval of the shareholders.

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Munjal Auto Industries will hold a meeting of the Board of Directors of the Company on 22 May 2019.

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