Salona Cotspin Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2025, recommended Final Dividend of Rs. 1.00 per equity share subject to the approval of shareholders in the ensuing AGM of the Company
SALONA · price
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The Board of Directors of Salona Cotspin Limited, at its meeting held on May 28, 2025, recommended a Final Dividend of Rs. 1.00 per equity share. This dividend is subject to the approval of shareholders at the company's upcoming Annual General Meeting (AGM). The announcement indicates a standard dividend declaration by the textile/cotspin company to reward its shareholders for the financial year.
Shareholders will receive Rs. 1.00 per share as dividend if approved at the AGM, providing a modest return. The actual impact on the stock price depends on the dividend yield relative to the current share price.