Commercial Syn Bags Limited has informed the Exchange regarding 'Receipt of Dividend from Associate Company, Smartlift Bulk Packaging Limited, UK.'.
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Commercial Syn Bags has received a dividend of GBP 63,700 from its UK-based associate company, Smartlift Bulk Packaging Limited, on June 3, 2025. The associate declared a total dividend of GBP 1,30,000 for calendar year 2024, of which Commercial Syn Bags is entitled to its 49% shareholding portion. The amount was received and disclosed under SEBI Listing Regulations. This indicates that the UK associate is profitable and is returning value to its shareholders for the year.
The dividend amount (~GBP 63,700, roughly ₹65-70 lakhs) is relatively small and unlikely to move the stock price meaningfully, but it reflects healthy operations at the UK associate and provides a small boost to the company's other income.