Corporate Action - Fixes Record date for the purpose of Dividend and Annual General Meeting
NELCAST · price
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Nelcast Ltd's Board has recommended a dividend of Rs.0.70 per share (35% on face value of Rs.2) for FY 2025-26, subject to shareholder approval at the 44th AGM. The AGM is 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. If approved, the dividend will be paid within 30 days of declaration at the AGM.
This is a routine corporate action with a modest dividend payout. Shareholders on record as of 20th July 2026 will be eligible to receive the dividend. The stock may see mild positive reaction given the dividend declaration, though the payout is relatively small.