Outcome of the meeting of the Board of Directors held on Saturday, May 31, 2025
Price
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Awaiting price reaction for this filing.
The Board of Directors of Madhuveer Com 18 Network Limited met on May 31, 2025, from 2:30 PM to 3:00 PM. The Board recommended a Final Dividend of Rs. 0.05 per equity share (0.5%) on shares of face value Rs. 10 each, for the financial year 2024-25, subject to tax deduction where applicable. The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting. The Board also reviewed other routine business matters. The filing was made under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The recommended dividend is very small at just 0.5% of face value, suggesting a token payout rather than a meaningful return for shareholders. Since it still needs shareholder approval, no immediate cash benefit is confirmed, and the impact on the stock price is likely to be negligible.