Archean Chemical Industries Limited has informed the Exchange about the corrigendum to the Board meeting Outcome regatding Dividemd. In this regard, with respect to Final Dividend, erroneously it was mentioned as Rs.1.50/- per share instead of 150% per share in the Board meeting Outcome letter. Kindly take this on record and consider that a final dividend of Rs. 3.00/- per equity share of Rs. 2/- each (150%) for the financial year ended March 31, 2025, is hereby recommended, out of the profits of the Company, which shall be paid/despatched subject to the approval of the Members at the ensuing AGM. Please note that the outcome/filings filed yesterday, shall be read with this corrigendum.
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Archean Chemical Industries has issued a corrigendum correcting the final dividend figure from its May 2, 2025 board meeting outcome. The final dividend has been clarified as Rs. 3.00 per equity share (150% on face value of Rs. 2) for FY2024-25, instead of the earlier mentioned Rs. 1.50 per share. The dividend is subject to shareholder approval at the 16th AGM scheduled for June 02, 2025. The board also approved audited financial results for Q4 and FY25 and appointed M/s. HVS & Associates as Secretarial Auditors.
The corrigendum doubles the previously communicated dividend from Rs. 1.50 to Rs. 3.00 per share, which is a positive correction for investors expecting a higher payout. The actual receipt of the dividend still depends on AGM approval and the record date, which is yet to be announced.