Declaration of Dividend on Equity Shares of the Company subject to approval of shareholders of the Company.
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.3 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.
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Shri Dinesh Mills Ltd has announced a final dividend of Rs. 2 per equity share on shares with a face value of Rs. 10 each. The dividend was recommended by the Board of Directors at their meeting held on May 30, 2025. The payout is subject to approval from shareholders at the upcoming Annual General Meeting. On the face value, this translates to a 20% dividend.
This is a positive signal for income-focused investors, reflecting the company's willingness to share profits with shareholders. The actual yield on investment will depend on the current market price of the stock. Shareholders of record as on the record date (to be announced separately) will be eligible for this dividend.