The Board of Director of the company at its meeting held today i.e. May 22, 2026, Has inter alia recommended a final Dividend of Rs. 2 per Equity Share of Face Value Rs. 10 each for the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of SAL Automotive Limited has recommended a final dividend of Rs. 2 per equity share of face value Rs. 10 each for the financial year ended March 31, 2026. This represents a 20% dividend payout on the face value. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. If approved at the AGM, the dividend will be paid within 30 days from the AGM date. The board meeting was held on May 22, 2026, and lasted from 1:00 PM to 3:10 PM. The company is headquartered in Nabha, Punjab, with manufacturing facilities in Dharwad, Rudrapur, and Pune.
The recommended dividend of Rs. 2 per share signals the company is distributing profits to shareholders. The actual dividend yield depends on the current market price of the stock. This is a positive signal for income-focused investors, though the relatively small dividend amount per share suggests limited direct income impact for retail shareholders.