Geekay Wires Limited has informed the Exchange that Board of Directors at its meeting held on August 16, 2025, recommended Final Dividend of 0.65 per equity share.
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Geekay Wires Limited's board of directors, at its meeting on August 16, 2025, recommended a final dividend of Rs. 0.65 per equity share for FY 2024-25, subject to shareholder approval at the upcoming 36th AGM. The record date for the dividend has been fixed as September 19, 2025, with the AGM scheduled for September 26, 2025 via video conferencing. The board also approved a stock sub-division/split where every 1 equity share of Rs. 2 face value will be divided into 2 equity shares of Rs. 1 face value each, aimed at enhancing liquidity and making shares more affordable for small investors. Other approvals include the re-appointment of Mr. Ashish Kandoi as a retiring director, appointment of cost, secretarial and internal auditors, and approval of a material related party transaction with Geekay Wires Limited (USA).
The stock split is likely to improve share liquidity and attract smaller retail investors, generally a positive signal for the stock. The dividend of Rs. 0.65 per share provides modest income to existing shareholders. Both announcements together could support positive investor sentiment ahead of the AGM.