Ami Organics Limited has informed the Exchange regarding 'Board approved dividend subject to approval of shareholders in the Annual General Meeting'.
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Awaiting price reaction for this filing.
Ami Organics Limited's Board of Directors, at a meeting held on May 2, 2025, has recommended a final dividend of Rs 1.5 per equity share (30% on face value of Rs 5) for the financial year 2024-25. The dividend is subject to approval from shareholders at the upcoming 18th Annual General Meeting. The total dividend payout would be approximately Rs 12.28 crore, based on 8,18,68,922 equity shares outstanding. The record date, book closure dates, and actual dividend payment date will be communicated later. The dividend will be paid after deducting applicable taxes.
This is a routine final dividend declaration that signals the company is generating profits and returning value to shareholders. The 30% dividend on face value is decent, though actual yield on market price needs to be checked. Approval is pending at the AGM, so it is not yet confirmed or payable.