The Board at its meeting held today considered and declared an Interim Dividend of INR 40/- per equity share of INR 10/- each (400%) for the financial year 2024-25 and fixed the record ....
KENNAMET · price
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Kennametal India's board approved unaudited financial results for Q3 and nine months ended March 31, 2025, with no qualifications from statutory auditors. The board declared an interim dividend of INR 40 per equity share (400% on face value of INR 10) for FY 2024-25, which is higher than previous years, citing strong cash flows. The record date for dividend eligibility has been fixed as May 28, 2025. The board also decided to seek shareholder approval via postal ballot for material related party transactions with Kennametal Inc. and Kennametal Europe GmbH, appointment of Mr. Faisal Saad Hamadi as Non-Executive Non-Independent Director, and re-appointment of Mr. Vijaykrishnan Venkatesan as Managing Director for another 5-year term effective September 17, 2025.
The 400% interim dividend, noted as higher than prior years, signals robust cash generation and is shareholder-friendly, likely to support short-term stock sentiment around the ex-dividend date. Postal ballot items and MD re-appointment are routine governance matters with no immediate price impact.