Nitiraj Engineers Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of Rs. 1.5 per equity share.
NITIRAJ · price
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The Board of Directors of Nitiraj Engineers Limited, at its meeting held on May 29, 2025, recommended a final dividend of Rs. 1.5 per equity share for its shareholders. The dividend is subject to approval by the shareholders at the upcoming Annual General Meeting. The record date and payment date will be communicated separately by the company. The dividend reflects the company's profit-sharing with equity shareholders for the financial year.
A modest final dividend may provide some income to shareholders, but the amount suggests a small payout relative to typical mid-cap companies. Share price reaction is likely to be neutral unless the dividend yield turns out to be materially attractive at current market price.