Board recommended final dividend of Rs. 1.50/- per equity share of Rs. 2/- each for the financial year 2024-25 in addition to Rs. 0.90/- per equity share of Rs. 2/- each already paid.
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On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.4 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indag Rubber Limited's Board has recommended a final dividend of Rs. 1.50 per equity share (on shares of Rs. 2 face value) for the financial year 2024-25. This is in addition to an interim dividend of Rs. 0.90 per share already paid, taking the total dividend for the year to Rs. 2.40 per share. The final dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of that approval. The AGM date, record date, and book closure dates are yet to be determined and will be communicated to the stock exchange later.
This is a routine but positive announcement for shareholders, confirming continued profitability and a consistent dividend payout. It is likely to be viewed favorably, though the stock price reaction will depend on the dividend yield relative to the share price.