Mangalam Cement Limited had intimated the 15-May-2025 as the record date. The Company has now informed the Exchange that the Record date has been revised to 15-Aug-2025 for the purpose of Dividend.
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Mangalam Cement Limited has revised the record date for the purpose of dividend from the previously communicated 15-May-2025 to 15-Aug-2025. The Board had earlier recommended a dividend of Rs. 1.50 per equity share (face value Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. The Board also approved audited FY25 financial results showing revenue from operations of Rs. 168,098.78 lakhs (down from Rs. 172,548.09 lakhs in FY24) and net profit of Rs. 4,506.31 lakhs (down from Rs. 5,971.66 lakhs in FY24). EPS for FY25 came in at Rs. 16.39 vs Rs. 21.72 in the previous year. Additionally, Pinchaa & Co. was recommended as Secretarial Auditors for a 5-year term from FY26 to FY30.
The 3-month delay in the record date pushes back the timeline for shareholders to be eligible for the Rs. 1.50 dividend. Despite the dividend amount being maintained, the sharp decline in profits and revenue may weigh on investor sentiment, though the dividend continuation offers some support.