Jindal Saw Limited has informed the Exchange that Record date for the purpose of Dividend is .
JINDALSAW · price
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On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 0.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Saw Limited's Board of Directors has recommended a dividend of Rs. 2 per equity share (face value Re. 1 each) for the financial year ended 31st March, 2025. This works out to a 200% dividend on the face value of the shares. The dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. The record date for determining eligible shareholders has not been disclosed in this filing. The Board meeting was held on May 2, 2025, from 12:30 PM to 3:05 PM.
A Rs. 2 per share dividend is a modest payout and is positive for shareholders seeking regular income, but it is not particularly large relative to the stock's market price. Investors should wait for the record date announcement to know if they qualify to receive this dividend.