Outcome of Board Meeting- Dividend

Corporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.3%Reaction day

₹1814.70

prior close

₹1810.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.5%-2.8% vs market

Specialty Chemicals peers, median of 91sector-1.5%-2.8% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Smallcap 250 and 2.8 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

-0.3

15m

-0.7

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3-1.5-2.8-1.5-2.8

Next day

-0.8-0.3-0.5-0.6-0.2

+0.1-0.3+0.4-0.9+1.0

-1.6+0.4-2.0-0.5-1.1

-4.2+0.3-4.5-0.3-3.9

-3.8+1.5-5.3+0.7-4.5

-5.2+2.3-7.5+0.8-6.0

15d

-7.3+1.5-8.8-1.1-6.1

-8.4+5.3-13.7+2.5-10.9

-6.7+7.8-14.5+1.0-7.7

-2.5+9.7-12.2+6.5-9.0

UpDownMarket · Nifty Smallcap 250Sector · Specialty Chemicals peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.