Sportking India Limited has informed the Exchange regarding Corrigendum to Corrigendum to Outcome of Board Meeting Dated 01st May 2025 Correction in Dividend Recommendation
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Awaiting price reaction for this filing.
Sportking India has issued a corrigendum to fix clerical errors in its earlier board meeting outcome dated 1st May 2025. The face value of the 5% Non-Cumulative Non-Convertible Redeemable Preference Shares was wrongly stated as Rs. 1 instead of Rs. 10, and the financial year was wrongly mentioned as FY 2025-26 instead of FY 2024-25. As corrected, the Board has recommended a Final Dividend of Rs. 1 per equity share (face value Rs. 1 each), amounting to Rs. 1,270.72 lakhs, along with 5% dividend on preference shares (face value Rs. 10 each) amounting to Rs. 34.16 lakhs for FY 2024-25. The dividend is subject to shareholder approval at the upcoming AGM. The company has clarified that this was an unintentional clerical error and all other details remain unchanged.
No material change for shareholders — this is purely a correction of clerical mistakes in an earlier filing. The dividend payout amount and structure remain the same as originally communicated, so there is no impact on the stock price or shareholder value.