Enclosed intimation of record date for dividend and book closure dates
INDPRUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Industrial & Prudential Investment Company has fixed Tuesday, August 19, 2025 as the record date to identify shareholders entitled to a final dividend of Rs. 110 per equity share (face value Rs. 10), pending approval at the AGM on August 29, 2025. Payment will be made after August 30, 2025. The Register of Members and Share Transfer Books will be closed from August 19 to August 28, 2025 (both days inclusive) for the AGM. The company, which is an investment holding entity, is declaring a sizeable dividend likely supported by income from its portfolio of listed investments.
This is a high-payout dividend announcement (Rs. 110 on a Rs. 10 face value is a 1,100% payout on face value), which is positive for shareholders holding shares before the August 19 record date. The stock may see some price adjustment on the ex-date as the dividend gets priced in.