PITTIENGNSEPitti Engineering LimitedHighPositive
Announced Mon, 21 Apr · 17:02 IST

Pitti Engineering Limited has informed the Exchange that Board of Directors at its meeting held on April 21, 2025, recommended Final Dividend of Rs. 1.50 per equity share.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Pitti Engineering Limited's Board of Directors, at a meeting held on April 21, 2025, has recommended a Final Dividend of Rs. 1.50 per equity share for its shareholders. Final dividends in India are typically paid after approval at the Annual General Meeting, with shareholders on the record date being eligible to receive the payout. The company is a listed entity on NSE and the announcement marks its dividend declaration for the financial year.

Likely market impact

Shareholders holding the stock on the record date will receive the Rs. 1.50 per share dividend, providing a small income return. The impact on stock price is generally modest and short-term, as the stock often adjusts downward by the dividend amount on the ex-date.