The Board of Directors of the Company in their meeting held on 27" May, 2025 have recommended the final dividend of Rs.1/- (Rupees One only) i.e. @10 % per equity share of face value of Rs. 10/- each fully paid up, for the F.Y 2024-25 subject to approval of the members at the ensuing Annual General Meeting (AGM) of the company.
CORDSCABLE · price
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The Board of Directors of Cords Cable Industries, at their meeting held on 27th May 2025, has recommended a final dividend of Rs. 1 per equity share, which works out to 10% on the face value of Rs. 10 per share. The dividend pertains to the financial year 2024-25 and is subject to approval from shareholders at the upcoming Annual General Meeting. This is a standard final dividend declaration, with the company having a relatively small face value base. The 10% dividend on face value translates to a modest payout compared to larger companies.
Shareholders will receive Rs. 1 per share as dividend if approved at the AGM, providing a small income return. The announcement alone is unlikely to materially move the stock price, as the dividend is modest and already expected by investors.