Salona Cotspin Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2025, recommended a dividend of Rs.1/- per share (10 %) having face value of Rs.10/- each for the financial year 2024-2025, subject to the approval of the shareholders at the ensuing Annual General Meeting ( AGM ).
SALONA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Salona Cotspin Limited's Board of Directors, at its meeting on May 28, 2025, has recommended a dividend of Rs.1 per equity share, which is 10% on the face value of Rs.10 per share. The dividend is for the financial year 2024-2025 and is subject to approval from shareholders at the upcoming Annual General Meeting (AGM). The record date and payment timeline will be announced in due course as per exchange norms.
This is a modest dividend payout and is positive for shareholders, though the final confirmation depends on AGM approval. Investors should watch for the record date announcement to be eligible for the dividend.