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Banco Products Announces Financial Results, Dividend, and Strategic Appointments

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Banco Products Announces Financial Results, Dividend, and Strategic Appointments

An update from Banco Products (India) Limited ( (IN:BANCOINDIA) ) is now available.

Banco Products (India) Limited announced key outcomes from its recent board meeting, including the approval of financial results for the quarter ending December 31, 2024, and the declaration of an interim dividend of Rs.11 per equity share. Additionally, the board approved the appointment and re-appointment of several independent directors, as well as the acquisition of a business related to automotive component coating and planting from Padra Coating Works LLP. The company also noted the completion of tenure for two independent directors, appreciating their contributions and reconstituting its statutory committees accordingly.

More about Banco Products (India) Limited

Banco Products (India) Limited operates in the automotive components industry, focusing on the manufacturing of automobile gaskets, radiator parts, and related components. The company is recognized as an export house and is based in Vadodara, Gujarat, India.

YTD Price Performance: -10.16%

Average Trading Volume: 55,538

Current Market Cap: 65.95B INR

See more insights into BANCOINDIA stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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