Maithan Alloys Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Jun-2025.
MAITHANALL · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 2.7 pts less than its Ferro & Silica Manganese 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 Maithan Alloys Limited, at its meeting held on 28th May 2025, approved a 2nd Interim Dividend of Rs. 7 per equity share (70% on face value of Rs. 10) for FY 2024-25. The Board also recommended a Final Dividend of Rs. 6 per equity share (60%), subject to shareholder approval at the AGM. In total, shareholders will receive Rs. 13 per share (130% on face value) for FY25. The Record Date for the 2nd Interim Dividend has been fixed as 6th June 2025, with payment on or after 11th June 2025. The AGM is scheduled for 27th September 2025, and the Final Dividend, if approved, will be paid on or after 7th October 2025.
This is a strong reward for shareholders, with combined dividends of Rs. 13 per share signalling healthy cash generation by the company. Short-term positive sentiment is likely around the record date, as eligible shareholders will receive the 2nd Interim Dividend within days.