Sharda Motor Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 24, 2025, recommended Final Dividend of 32.50 per equity share.
SHARDAMOTR · price
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Sharda Motor Industries Limited has announced that its Board of Directors, at a meeting held on May 24, 2025, recommended a Final Dividend of Rs. 32.50 per equity share for shareholders. This is a recommendation from the Board and is typically subject to approval by shareholders at the upcoming Annual General Meeting. The final dividend is paid in addition to any interim dividend the company may have declared earlier in the financial year. The record date and book closure dates for eligibility would be communicated separately by the company.
This is a positive development for shareholders as it represents a direct return of cash. The dividend amount reflects the company's profitability and cash generation, and signals management's confidence in the business. The stock may see some short-term interest from income-focused investors around the ex-dividend date.