Corporate Action - Board approves Dividend
NELCAST · price
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The Board of Directors of Nelcast Ltd has recommended a dividend of 35% i.e., Rs.0.70 per share of Rs.2/- face value for the financial year 2025-26. This is subject to approval by shareholders at the 44th Annual General Meeting scheduled for 27th July 2026. If approved, the dividend will be paid within 30 days from the date of declaration. The record date for determining shareholders eligible for the dividend is 20th July 2026, with the register of members remaining closed from 21st July to 27th July 2026.
Shareholders can expect dividend income if the proposal is approved at the AGM. The actual impact on stock price will depend on market sentiment and the stock's current valuation.