Corporate Action - Fixes Book closure for the purpose of Dividend and Annual General Meeting
NELCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nelcast Ltd's Board has recommended a dividend of 35% (Rs. 0.70 per share of Rs. 2 face value) for FY 2025-26. This is subject to shareholder approval at the 44th AGM scheduled for 27th July 2026. The record date for determining eligible shareholders is 20th July 2026, with the register of members closed from 21st July to 27th July 2026 (both days inclusive). If approved, the dividend will be paid within 30 days of declaration at the AGM.
A standard dividend declaration with no unusual signals. The 35% payout is modest and in line with typical practices for smaller companies. Without the current stock price, the yield cannot be assessed, but the absolute dividend amount is small at Rs. 0.70 per share.