Following the resolution voted at the Shareholders’ General Meeting on March 20, ARGAN specifies that the option for the scrip dividend was chosen by its shareholders at a rate of 22.02%.

The scrip registered a high of Rs 353.80 and a low of Rs 344.65 so far. The company has a dividend yield of more than 6 per cent. Veteran market expert Sanjiv Bhasin has recommended investing in ...