MMP Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 23, 2025, recommended Final Dividend of 2 per equity share.
MMP · price
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On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 6.2 pts less than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MMP Industries Limited has informed the stock exchange that its Board of Directors, at a meeting held on May 23, 2025, recommended a Final Dividend of ₹2 per equity share. This is a routine corporate action that typically requires shareholder approval at the upcoming Annual General Meeting (AGM) before it becomes payable. The dividend will be paid to shareholders who hold the stock on the record date, which will be announced separately. No details on the company's share price were provided in this filing, so the dividend yield percentage cannot be determined from the announcement itself.
Shareholders eligible on the record date will receive ₹2 per share as a final dividend once approved at the AGM. This provides a small cash return, though the amount is modest and its attractiveness depends on the prevailing share price, which is not disclosed in this filing.