MUMBAI : The Board of Castrol India has revoked the final dividend that was declared for the financial year ended 31 December 2019 due to delay in holding the 42nd annual general meeting (AGM) of the company owing to coronavirus spread and a nation‐wide lockdown.Castrol India, a lubricant maker, follows a January-December financial year.However, the board has declared a second interim dividend of Rs.
3 per equity share of Rs. 5 each for the financial year ended 31 December 2019.“These are extraordinary times which require organizations to take extraordinary measures in order to support various stakeholders," said Mr.
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