Board recommended dividend for Rs. 3.00/- per shares (i.e. 30%) on 54,70,240 of Rs. 10/- each for the financial year ended on 31st March, 2025, subject to approval of shareholders at the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Patels Airtemp India's Board of Directors, at its meeting on 24th May 2025, approved the audited standalone financial results for the quarter and year ended 31st March 2025. The statutory auditors issued an unmodified (clean) opinion on the results. The Board also recommended a dividend of Rs. 3.00 per equity share (30%) on 54,70,240 shares of Rs. 10 face value, translating to a total payout of roughly Rs. 1.64 crore. The dividend is subject to shareholder approval at the upcoming 33rd Annual General Meeting and, if approved, will be paid within 30 days of the AGM after applicable tax deduction.
A 30% dividend is a modest but steady return signal for shareholders, indicating the company is profitable enough to distribute cash. The clean (unmodified) auditor opinion reassures investors that there are no major concerns flagged in the FY25 accounts. The actual stock-price impact will likely be limited unless the results show a sharp change in earnings.