Public Announcements of elitecon international limited
ELITECON · price
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The Board of Elitecon International declared a 5% interim dividend (Rs. 0.05 per share on Rs. 1 face value) for FY 2025-26 on 5 November 2025, with a record date of 12 November 2025. The company confirmed that dividend payments have been successfully processed to all eligible non-promoter shareholders via Kotak Mahindra Bank. Promoters have voluntarily waived their entire dividend entitlement, worth approximately Rs. 47.5 million, citing the intention to strengthen internal financial resources and support future growth. There is no change to the shareholding pattern as a result of the promoter relinquishment.
Non-promoter shareholders receive a small cash dividend of Rs. 0.05 per share, while promoters forgoing Rs. 47.5 million signals confidence in reinvesting capital into the business for growth, which could be viewed positively as a retention of funds for expansion.