Mumbai, June 25, 2024: – The Board of Directors of Jaro Education, a pioneering force in the online education sector, has recommended issue of Bonus share in the ratio of 1:3 i.e. 1 (One) equity share for every 3 (Three) shares held by the shareholder.
The Board of Directors of the company also announced dividend of 10% on a face value of Rs. 10 per share for the financial year 2024 for its eligible shareholders.
Dr. Sanjay Salunkhe, CMD of Jaro Education said, “We are delighted to declare bonus and dividend as part of our endeavour to reward our shareholders. We will be declaring our audited results in couple of weeks and after that we will be filing DRHP.
Jaro Education‘s remarkable journey is underscored by its sustainable growth trajectory, driven by an increase in partnerships with Tier I institutions, in India and overseas, as well as geographic expansion, increase in student enrolments, more programs per Institute and fee hikes.
In FY 24 alone, the company provided high-quality online education to approximately 28,800+ learners for postgraduate degrees and up-skilling courses.”