The Board of Directors at their meeting held today on 13th August 2025 has recommended dividend @12% i.e. Rs. 0.60/- on each fully paid equity shares of Rs. 5/- each for the Financial year ....
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Akar Auto Industries' Board, at its meeting on 13th August 2025, has recommended a dividend of Rs. 0.60 per fully paid equity share of face value Rs. 5 each, translating to a 12% dividend for the financial year. This is a recommendation and is subject to approval by shareholders at the upcoming Annual General Meeting. The total payout will depend on the number of shares outstanding and shareholder approval. The record date and book closure dates for eligibility are typically announced separately by the company.
The dividend offers some income to shareholders, but the absolute payout per share is modest given the low face value. Without the current market price, the effective dividend yield cannot be determined, so its attractiveness relative to alternatives is unclear.