The board of GRUH Finance at its meeting held on April 14, 2018 has recommended the issue of Bonus Shares in the ratio of 1:1 (i.e. 1 equity share of Rs. 2 each for each equity share held as on the record date to be fixed for the purpose) to the shareholders of the Company, subject to the approval of the shareholders of the company.

Such bonus shares, if approved by the members of the company shall rank pari-passu with the existing equity shares, except for entitlement of dividend for the financial year ended 31 March 2018.

The board recommended dividend of Rs. 3.30 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2018. The dividend, if approved by the Members, will be dispatched / remitted within five working days commencing from the day after the ensuing Annual General Meeting.

Shares of the company gained Rs 26.4, or 4.31%, to trade at Rs 638.80. The total volume of shares traded was 133,888 at the BSE (11.40 a.m., Monday).