Southern Petrochemical Industries Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 2 per equity share.
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Southern Petrochemical Industries Corporation Limited's Board of Directors, at their meeting on 22nd May 2026, recommended a dividend of Rs. 2 per equity share (20% on face value of Rs. 10 each) for Financial Year 2025-26. The dividend is subject to approval by shareholders at the company's 55th Annual General Meeting. The exact payment date will be announced after the AGM date is finalized. This appears to be a standard dividend recommendation with no unusual features mentioned.
A positive signal for shareholders as the company is maintaining dividend payments, though the yield cannot be confirmed without current market price data. The stock may see modest positive reaction if the dividend meets or exceeds market expectations.