Outcome of Board Meeting- Dividend
DEEPAKNTR · price
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Deepak Nitrite's Board of Directors has recommended a dividend of ₹7.50 per equity share (375%) for the financial year ended 31st March 2026. The dividend is subject to shareholder approval at the 55th Annual General Meeting. The company has 13,63,93,041 equity shares of face value ₹2 each. If approved, the dividend will be paid within 30 days from the AGM date. The board meeting was held on 15th May 2026 and concluded at 4:30 PM.
The dividend represents a 375% return on face value, which is positive for shareholders. However, without the current market price, the actual dividend yield cannot be determined. The stock may see a positive reaction if the market perceives the dividend as consistent with or better than expectations.