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Blue Star Ltd.

BSE: 500067 Sector: Engineering
BSE 00:00 | 24 Apr 2020 Blue Star Ltd
NSE 05:30 | 01 Jan 1970 Blue Star Ltd

Announcement under Regulation 30 (LODR)-Dividend Updates

March 30, 2020, 10:57 pm | Source: BSE

With reference to our letter dated March 12 2020 the Company had scheduled to despatch the interim dividend warrants on or before Monday March 30 2020.

However in the light of the order of the Central Government for nationwide lockdown for three weeks with effect from 12 a.m. on March 25 2020 and the earlier directions/advisories for lockdown issued by the other Government authorities to control the outbreak of COVID-19 the Company has not yet been able to complete the despatch of the dividend warrants as per the abovementioned schedule.

Moreover as the 30 days statutory deadline for payment would expire on April 11 2020 till which time the lockdown would continue it appears that the Company would not be able to complete despatch of dividend warrants within the statutory timeline.

In view of this it is humbly submitted that the Company would endeavour to complete the despatch of the dividend warrants soon after the cessation of the aforesaid lockdown.