Final dividend of 3% on face value; stock split from Rs 10 to Re 1 approved
MWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mangalam Worldwide board recommended a final dividend of Rs 0.30 per share (3% of face value) for FY ended March 2026, subject to shareholder approval. Shareholders had earlier approved a stock split from Rs 10 face value to Re 1 face value through postal ballot on June 20, 2026. After the split, the dividend will adjust to Re 0.03 per share keeping total payout unchanged. Record date is July 23, 2026. The company got listed on BSE via direct listing on May 27, 2026, and this filing is a clarification to BSE about prior dividend intimation timing.
Stock split from Rs 10 to Re 1 face value improves share liquidity and affordability. Final dividend of 3 percent on face value is a modest yield on market price.