Nelcast Limited has informed the Exchange that Record date for the purpose of Annual General Meeting is 25-Jul-2025.
NELCAST · price
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Nelcast Limited's board has recommended a dividend of Rs.0.50 per equity share (25% on face value of Rs.2) for the financial year 2024-25, subject to shareholder approval. The company's 43rd Annual General Meeting is scheduled for 1st August 2025. The record date to determine eligible shareholders is 25th July 2025, and the Register of Members and Share Transfer Books will be closed from 26th July to 1st August 2025. If approved at the AGM, the dividend will be paid within 30 days of declaration.
Shareholders holding Nelcast shares on or before 25th July 2025 will be eligible to receive the Rs.0.50 per share dividend. The stock is likely to trade ex-dividend around the record date, which may create a small price adjustment. The modest dividend signals steady but not exceptional shareholder returns for FY25.