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The announcement was made after market hours yesterday, 1 February 2017.
Meanwhile, the S&P BSE Sensex was up 28.87 points or 0.1% at 28,170.51.
On the BSE, 7.90 lakh shares were traded on the counter so far as against the average daily volumes of 5.49 lakh shares in the past one quarter. The stock had hit a high of Rs 15.30 and a low of Rs 14.50 so far during the day.
The stock had hit a 52-week high of Rs 19.18 on 15 June 2016 and a 52-week low of Rs 9.93 on 12 February 2016. The stock had outperformed the market over the past one month till 1 February 2017, advancing 11.27% compared with the Sensex's 5.69% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 0.64% as against the Sensex's 0.95% rise.
The small-cap company has equity capital of Rs 92.88 crore. Face value per share is Rs 1.
Shree Renuka Sugars' net sales rose 33.4% to Rs 2041.40 crore in Q3 December 2016 over Q3 December 2015.
Shree Renuka Sugars is one of the leading sugar manufacturers in India.
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