Intimation for fixing the Record Date
NOVARTIND · price
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Novartis India has fixed Wednesday, July 23, 2025, as the Record Date to determine which shareholders are entitled to receive the Final Dividend for FY ended March 31, 2025. The Board, at its meeting on May 9, 2025, recommended a Final Dividend of INR 25 per equity share on a face value of INR 5 each. This dividend is subject to shareholder approval at the AGM scheduled for July 31, 2025. Payment, after tax deduction at source, will be made after the AGM is held.
Shareholders who hold Novartis India shares as of the record date of July 23, 2025 will be eligible to receive the INR 25 per share final dividend. The stock may see mild positive sentiment around the ex-date as the dividend amount is meaningful relative to the low face value, though the actual yield depends on the prevailing market price.