GE Power India Limited has informed the Exchange regarding 'Clarification on record date'.
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Awaiting price reaction for this filing.
GE Power India has clarified that its Board of Directors did not recommend any dividend for FY 2024-25 after reviewing the annual financial statements, and therefore no record date was fixed. The company explains that a fictitious date (02 June 2025) was erroneously filed on the NSE portal due to a technical glitch while trying to make timely compliance, and this date should be disregarded by investors. There was no such issue on the BSE portal. The Board meeting in question was held on 29 May 2025.
Shareholders will not receive any dividend for FY 2024-25, which may disappoint income-focused investors. The stock could see mild negative sentiment from dividend-seeking shareholders, though the clarification itself is procedural and removes any confusion from the erroneously filed record date.