Plastiblends India Limited has informed the Exchange that Record date for the purpose of Dividend is 08-Jul-2025.
PLASTIBLEN · price
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Plastiblends India has fixed July 8, 2025 as the record date for the final dividend, which is subject to shareholder approval at the 34th AGM on July 15, 2025 (held via video conferencing). The Board has recommended a dividend of Rs 2.50 per share (50%) on equity shares of Rs 5 face value for FY 2024-25, down from Rs 4.25 per share in the previous year — a cut of about 41%. Book closure runs from July 9 to July 15, 2025, and remote e-voting will be open from July 12 to July 14, 2025. For FY25, revenue fell to Rs 78,045 lakhs (from Rs 80,216 lakhs) and net profit dipped to Rs 3,344 lakhs (from Rs 3,453 lakhs), while EPS slipped to Rs 12.87 from Rs 13.28. The annual report also includes the reappointment of an Independent Director and appointment of a new Independent Director.
The significant dividend cut signals weaker cash returns to shareholders this year and is consistent with the slight dip in profits and revenue. The stock may see mild negative sentiment from income-focused investors, though the company remains debt-light with a healthy book value of Rs 164.51 per share.