Indef Manufacturing Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2025, recommended Final Dividend of Rs. 2 per equity share.
BAJAJINDEF · price
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On the reaction day the stock moved 7.6 pts more than Nifty Microcap 250 and 8.2 pts more than its Industrial 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 Directors of Indef Manufacturing Limited, at its meeting held on May 27, 2025, has recommended a Final Dividend of Rs. 2 per equity share for its shareholders. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The record date and payment date details would be communicated separately by the company. This indicates the company is returning value to shareholders from its profits.
This is a positive signal for income-focused investors, though the actual yield depends on the current share price. The dividend is still subject to shareholder approval at the AGM.