Deepak Nitrite Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 7.5 per equity share.
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Deepak Nitrite Limited's Board of Directors, at their meeting on May 15, 2026, recommended a final dividend of Rs. 7.50 per equity share (375% on face value of Rs. 2) for the financial year ended March 31, 2026. The dividend applies to 13,63,93,041 equity shares. This recommendation is subject to approval by shareholders at the company's 55th Annual General Meeting. If approved at the AGM, the dividend will be paid within 30 days from the AGM date.
This is a positive signal for shareholders as the company is returning value through dividends. The 375% payout indicates consistent financial health, though the actual impact on stock price will depend on market expectations and the current dividend yield.