Board at its meeting held on 28.05.2025 has recommended final dividend of 3% i.e Re 0.30 per equity share of face value of Rs 10 each.
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Awaiting price reaction for this filing.
The Board of Directors of Northern Spirits Ltd, at its meeting held on 28 May 2025, recommended a final dividend of 3%, which works out to Re 0.30 per equity share on a face value of Rs. 10 each, for the financial year ended 31 March 2025. The dividend is subject to approval from shareholders at the upcoming Annual General Meeting (AGM) and will be paid within 30 days from the date it is declared at the AGM. The record date for identifying eligible shareholders will be fixed and communicated separately in due course. This is a routine dividend declaration filed under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30).
A modest final dividend offering a small cash return to shareholders, contingent on AGM approval. The declaration is positive for income-seeking investors but the payout is small relative to share value, so it is unlikely to materially move the stock price on its own.