Recommended a Final Dividend of Rs. 23.90 per Equity Share of Rs. 10 each for the Financial Year ended March 31, 2025
GOODYEAR · price
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The Board of Goodyear India, at its meeting on May 27, 2025, approved audited financial results for the financial year ended March 31, 2025, along with unaudited Q4 results. The Board also recommended a final dividend of Rs. 23.90 per equity share on a face value of Rs. 10, which works out to a 239% dividend payout, subject to shareholder approval. The company received an unmodified (clean) opinion from its statutory auditors on the annual financial results. The Annual General Meeting is scheduled for July 25, 2025, with July 18, 2025 set as the record date to determine eligible shareholders. Additionally, M/s. Chandrasekaran Associates was appointed as Secretarial Auditors for a five-year term from FY2025-26 to FY2029-30, pending shareholder approval.
The Rs. 23.90 dividend translates to a healthy yield for shareholders, and the clean audit opinion reflects sound financial reporting. The stock may see short-term positive sentiment around the dividend announcement and record date.