Nelcast Limited has informed the Exchange that Record date for the purpose of Dividend is 25-Jul-2025.
NELCAST · price
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On the reaction day the stock moved 18.2 pts more than Nifty Microcap 250 and 18.1 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nelcast Limited's Board has recommended a dividend of Rs.0.50 per share (25%) on the Rs.2 face value shares for financial year 2024-25. The dividend is subject to shareholder approval at the 43rd Annual General Meeting scheduled for 1st August 2025, and will be paid within 30 days of declaration. The record date for eligibility is fixed as 25th July 2025, with the Register of Members and Share Transfer Books closed from 26th July to 1st August 2025.
Shareholders who hold Nelcast shares as of the record date (25th July 2025) will be eligible to receive the Rs.0.50 per share dividend once approved at the AGM. This is a modest dividend in absolute terms, and its attractiveness depends on the prevailing share price; investors should check the resulting dividend yield relative to the stock price.