RHI MAGNESITA INDIA LTD has informed the Exchange that Board of Directors at its meeting held on May 28, 2025, recommended Final Dividend of 2.50 per equity share.
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The Board of Directors of RHI Magnesita India Limited, at its meeting held on May 28, 2025, has recommended a Final Dividend of Rs. 2.50 per equity share for its shareholders. This dividend is subject to approval by the company's shareholders at the upcoming Annual General Meeting. The company is a leading manufacturer and supplier of refractory products in India, serving steel, cement, and glass industries. Once approved, this will be a return of capital to shareholders from the company's profits for the financial year.
Positive for shareholders as it represents a direct cash return, but the modest Rs. 2.50 per share amount suggests a limited yield. Investors should wait for the record date announcement and AGM approval to determine eligibility.