Clarification Letter.
Price
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Awaiting price reaction for this filing.
The company has issued a clarification correcting an earlier submission dated 30 May 2025. It states that the mention of a Final Dividend was inadvertent and the company is NOT declaring any dividend. Additionally, the previously announced record date of June 6, 2025 for payment of an Interim Dividend for FY 2025-26 has been cancelled. The new Record Date is set as 01/09/2025 and Book Closure period from 02/09/2025 to 08/09/2025, solely for the purpose of the upcoming Annual General Meeting.
Shareholders will not receive any dividend (neither final nor interim) as previously hinted. This removes expected dividend income for investors and is a negative signal for income-seeking shareholders, while the stock may see minor pressure from the cancellation of the previously communicated record date.