India Glycols Limited has informed the Exchange regarding 'Business Update- Interim Dividend from Joint Venture'.

INDIAGLYCO · price

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AI summary

India Glycols has received an interim dividend from its joint venture, Clariant IGL Specialty Chemical Private Limited, in which it holds a 49% stake (45.37% directly and 3.63% through a wholly owned subsidiary). The JV declared a hefty interim dividend of Rs. 36,000 per share (3600%) on shares with a face value of Rs. 10. India Glycols received Rs. 36 crore gross (Rs. 32.40 crore net of TDS), and its wholly owned subsidiary received Rs. 2.88 crore gross (Rs. 2.59 crore net of TDS), bringing the total inflow to about Rs. 38.88 crore gross. The dividend was received on 17th March 2026.

Likely market impact

This is a positive cash inflow for India Glycols, adding roughly Rs. 34.99 crore (net of TDS) to the group's books from its JV's strong profitability. It signals that the Clariant IGL JV is performing well enough to reward shareholders with a substantial payout, which may support short-term shareholder returns or be redeployed into the business.