Announced Wed, 6 May · 18:06 IST

Board approves Dividend

Corporate Actions View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+8.8%1-day move
₹225.25
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+8.8+3.7-0.1-5.2-4.6-10.8-0.6-3.3+0.4
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AI summary

The Board of Directors approved a Final Dividend of Rs. 1.60 per equity share (16% on face value of Rs. 10) for the Financial Year ended March 31, 2026. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The company has fixed June 03, 2026 as the Record Date to determine shareholder entitlement for the dividend. The board meeting was held on May 06, 2026 and lasted one hour.

Likely market impact

The dividend signals the company is distributing profits to shareholders. Without the current market price, the yield cannot be assessed, but a 16% payout on a small-cap company is a positive signal for income-focused investors.