Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange that Board of Directors at its meeting held on May 23, 2025, recommended Final Dividend of Rs. 18 per equity share.
GNFC · price
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On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250 and 5.8 pts more than its Commodity Chemicals 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 Directors of GNFC, at its meeting held on May 23, 2025, has recommended a Final Dividend of Rs. 18 per equity share for the financial year. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The record date and book closure dates will be communicated separately by the company. The dividend will be paid to shareholders whose names appear in the company's register on the record date.
A Rs. 18 per share final dividend reflects a healthy payout to shareholders and signals continued financial stability, though the actual dividend yield depends on the current share price. This could attract income-focused investors but is unlikely to be a major stock price catalyst on its own.