Sharanam Infraproject And Trading Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/05/2025 ,inter alia, to consider and approve Intimation ....
Awaiting price reaction for this filing.
Sharanam Infraproject & Trading Ltd has informed BSE that its Board of Directors will meet on Monday, 6th May 2025. The Board will consider recommending/declaring a dividend of up to 50% on equity shares for the financial year ended 31st March 2025, subject to shareholder approval. The Board will also evaluate potential business expansion into Ras Al Khaimah and Dubai (UAE) through commercial real estate development projects. The international move is subject to due diligence and a business feasibility study. The outcome of the meeting will be communicated to the stock exchanges as per regulations. The intimation is filed under SEBI LODR Regulation 29.
Potentially positive for shareholders — a 50% dividend proposal signals strong cash generation, while UAE expansion into commercial real estate indicates a growth-oriented diversification move. Investors should watch for confirmation of the dividend amount and feasibility findings post the 6th May meeting.