The Board of Directors recommends final dividend @5% i.e Rs 0.50/- per equity share of face value of Rs 10/- each, subject of shareholders of the company in the 11th Annual General Meeting.
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The Board of Directors of New Swan Multitech Limited has recommended a final dividend of 5%, translating to Rs. 0.50 per equity share on a face value of Rs. 10, for FY2024-25, subject to shareholder approval at the upcoming AGM. The 11th AGM is scheduled for September 30, 2025, via video conferencing, with the record date set as September 23, 2025. The Board also approved the appointment of M/s M.G. Jindal & Associates as Secretarial Auditor for a five-year term (FY2025-26 to FY2029-30), subject to shareholder approval. Additionally, remuneration of Rs. 10 lakh per month was approved for Managing Director Upkar Singh, while Whole-Time Director Barunpreet Singh Ahuja's remuneration was revised upward from Rs. 4 lakh to Rs. 6 lakh per month, effective September 1, 2025. The company is listed on the BSE SME platform (Scrip Code: 544082).
Shareholders as on the record date of September 23, 2025 will be eligible to receive the Rs. 0.50 per share dividend, which will be paid within 30 days of AGM approval. The enhanced director remuneration is a notable increase and may draw attention from shareholders, though it requires their approval at the AGM.