Kitex Garments Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of Rs. 0.50 per equity share.
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The Board of Directors of Kitex Garments Limited, at its meeting held on May 29, 2025, recommended a Final Dividend of Rs. 0.50 per equity share for the financial year. This is a dividend recommendation that will be placed before shareholders for their approval at the upcoming Annual General Meeting. The dividend, once approved, will be paid to shareholders whose names appear in the company's register on the record date to be announced separately. The quantum is modest at Re. 0.50 per share, suggesting a stable but not exceptional capital return.
For shareholders, this Final Dividend of Rs. 0.50 per share provides a small but tangible cash return, subject to AGM approval. The relatively small dividend size suggests limited immediate price-boosting impact and may indicate the company is conserving cash for operations or growth.