Orient Cement Limited has informed the Exchange regarding Outcome of Board Meeting held on July 03, 2025.
ORIENTCEM · price
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Orient Cement's Board of Directors met on July 3, 2025, and approved three key items. First, the 14th Annual General Meeting (AGM) has been scheduled for Thursday, August 7, 2025, at 10:00 a.m., to be held via video conferencing. Second, the Board declared a dividend of Re. 0.50 per equity share (on shares with face value of Re. 1 each) for FY 2024-25, with the record date fixed as Friday, July 25, 2025; the dividend, if approved by shareholders, will be paid on or after August 12, 2025. Third, the Board approved the appointment of M/s Parikh Dave & Associates, Ahmedabad, as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM.
Shareholders holding shares as of the July 25, 2025 record date will be eligible for the Re. 0.50 per share dividend, with payouts expected from August 12 onwards (subject to tax deduction). The dividend is modest in absolute terms given the Re. 1 face value, but signals continued shareholder returns. The auditor appointment is routine and unlikely to move the stock.