Lumax Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2025 have recommended Final Dividend of Rs. 35/- per Equity Share (350%) of the Face Value of Rs. 10/- for the Financial Year 2024-25 subject to the approval of Shareholders in the ensuing Annual General Meeting of the Company;
LUMAXIND · price
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The Board of Directors of Lumax Industries, at its meeting held on May 26, 2025, has recommended a final dividend of Rs. 35 per equity share, which is 350% of the face value of Rs. 10. This dividend pertains to the financial year 2024-25 and is subject to the approval of shareholders at the upcoming Annual General Meeting. The record date and payment timeline will typically be announced separately after the AGM. The dividend represents a strong payout on the face value of the stock.
This is a positive announcement for shareholders as it signals healthy profitability and a commitment to returning value. The stock may see short-term support around the ex-dividend date, but the final impact will depend on the company's overall earnings performance and the actual dividend yield relative to the market price.