Godrej Agrovet Limited has informed the Exchange that the Board has recommended Final Dividend at the rate of 110% (One Hundred and Ten per cent) on the Equity Share Capital of the Company, i.e., Rs.11/- per Equity Share of Face Value of Rs. 10/- (Rupees Ten Only) each, for the Financial Year ended March 31, 2025, subject to approval of the Shareholders at the ensuing Thirty-Fourth Annual General Meeting ( 34th AGM ) of the Company.
GODREJAGRO · price
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On the reaction day the stock moved 14.1 pts less than Nifty Microcap 250 and 13.8 pts less than its Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Godrej Agrovet has recommended a Final Dividend of 110%, which works out to Rs. 11 per equity share on the face value of Rs. 10, for the financial year ended March 31, 2025. This recommendation is subject to shareholder approval at the upcoming 34th Annual General Meeting. The dividend, if approved, will be paid to shareholders whose names appear on the company's register on the record date, which is yet to be announced. This is the final dividend; any interim dividend declared earlier during the year is not mentioned in this filing.
The Rs. 11 per share dividend rewards shareholders with a steady payout, though whether it makes the dividend yield attractive depends on the current stock price. The actual cash flow to investors will only happen after the AGM approval and record date confirmation.