Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e., ....
Awaiting price reaction for this filing.
Sharanam Infraproject and Trading Ltd held a board meeting on 6th May 2025, which concluded with two key decisions. First, the board decided not to proceed with declaring any dividend on the company's equity shares for the period. Second, regarding the company's earlier plans to expand into international commercial real estate development in Ras Al Khaimah and Dubai (UAE), the board informed that the due diligence process is still ongoing and has not been finalized. The company has promised a further update once the due diligence is complete. The company is listed on BSE under the code 539584.
Shareholders hoping for dividend income will be disappointed as the board has chosen to skip the dividend this time. The UAE expansion news is neutral — it confirms the company is still evaluating the opportunity but provides no timeline or commitment, which may keep the stock sideways until more clarity emerges.