Swelect Energy board to meet for results, bonus
The board of Swelect Energy Systems will meet on Monday to consider the unaudited financial results for the quarter ended June 30, 2019. Besides, the board agenda includes a bonus proposal. Shareholders of the company would be keen to know the entitlement ratio and record date. Earlier, the Chennai-based company had declared a 1:1 bonus in 2009. For FY18-19, Swelect Energy had reported a net profit of ₹11.05 crore on revenues of ₹119.84 crore.
