Outcome of the Board meeting to be held on September 18, 2025
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The Board of Directors of Spright Agro Ltd, at its meeting on September 18, 2025, approved an interim dividend of Rs. 0.01 (1%) per equity share (face value Re. 1) for FY ending March 31, 2026. The record date has been fixed as September 26, 2025, and the dividend will be paid on or before October 15, 2025. The Board also considered and decided to defer the previously proposed issuance of bonus shares. Additionally, the company announced plans to explore entry into AgriTech-related businesses, including precision agriculture, agricultural drones, blockchain-based digital marketplaces, supply-chain technology, farm-management software, and controlled-environment agriculture, through feasibility studies, pilots, and partnerships.
Shareholders on record as of September 26, 2025 will receive a small interim dividend of Rs. 0.01 per share. The deferment of bonus shares may be mildly disappointing for investors expecting one. The AgriTech exploration is at a preliminary stage with no binding agreements yet, so any near-term stock impact is likely limited.