Nelcast Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of Rs. 0.50 per equity share.
NELCAST · price
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Nelcast Limited's Board of Directors, at a meeting on May 14, 2025, recommended a final dividend of Rs. 0.50 per equity share (25% on the Rs. 2 face value) for FY 2024-25, subject to shareholder approval. The 43rd Annual General Meeting is scheduled for August 1, 2025, and if approved, the dividend will be paid within 30 days of declaration. The record date for eligibility is July 25, 2025, with the register of members and share transfer books closed from July 26 to August 1, 2025.
The dividend is a modest payout and reflects steady returns to shareholders rather than a major capital event. Investors must hold shares before the ex-date (based on the July 25, 2025 record date) to qualify. The announcement is largely procedural and is unlikely to cause significant stock price movement on its own.