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 announced Q3 and nine-month FY25 unaudited financial results, which were approved by the Board and cleared without any auditor qualifications. The Board also declared an interim dividend of INR 40 per equity share (400%) on the INR 10 face value for FY 2024-25, with the record date set as May 28, 2025. The company explicitly stated this is a higher payout than previous years, supported by strong cash flows. Additionally, the Board approved postal ballot resolutions for related-party transactions with Kennametal Inc. and Kennametal Europe GmbH, the appointment of a new non-executive director, and the re-appointment of Mr. Vijaykrishnan Venkatesan as Managing Director for another 5-year term from September 17, 2025.
Shareholders holding shares as of May 28, 2025 will receive a generous interim dividend, which is higher than prior years and signals strong cash generation and management confidence. The MD re-appointment and related-party transaction approvals via postal ballot are routine governance items and unlikely to materially move the stock on their own.