Gujarat State Petronet Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of Rs. 5 per equity share, subject to approval of the shareholders.
Awaiting price reaction for this filing.
The Board of Directors of Gujarat State Petronet Limited, at its meeting held on May 22, 2025, recommended a final dividend of Rs. 5 per equity share on a face value of Rs. 10, which is 50% of the face value. The dividend is for the financial year 2024-25 and is subject to approval from shareholders at the upcoming Annual General Meeting. The board meeting commenced at 12:00 p.m. and concluded at 1:00 p.m. The company has submitted this outcome to both BSE and NSE as required under SEBI Listing Regulations.
Shareholders will receive Rs. 5 per share as dividend if approved at the AGM, providing a steady income return. This is a routine dividend declaration and is unlikely to cause a major stock price reaction on its own.