Lakshmi Finance & Industrial Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2025, recommended Final Dividend of 3.00 per equity share.
LFIC · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.9 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Lakshmi Finance & Industrial Corporation Limited, at its meeting held on May 26, 2025, has recommended a Final Dividend of ₹3.00 per equity share for its shareholders. This is a recommendation from the board and will need shareholder approval. The company is an NBFC, and the dividend reflects distribution of profits to equity shareholders. No comparison with prior year dividend is provided in this filing to assess increase or decrease.
Positive for shareholders as it provides a tangible cash return, though the exact yield depends on the current share price. The stock may see mild positive sentiment around the ex-dividend date.