STARNSEStrides Pharma Science Limited· PharmaceuticalsHighPositive
Announced Thu, 22 May · 13:42 IST

Strides Pharma Science Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of Rs. 4 per equity share.

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Awaiting price reaction for this filing.

AI summary

Strides Pharma Science Limited's Board of Directors, at their meeting on May 22, 2025, approved audited financial results (standalone and consolidated) for Q4 and the financial year ended March 31, 2025. The Board recommended a final dividend of Rs. 4 per equity share of Rs. 10 each, at a rate of 40%, which will be paid within 30 days of shareholder approval at the upcoming AGM. Statutory auditors B S R & Co. LLP issued an unmodified opinion on both the standalone and consolidated results. The figures reflect the impact of the NCLT-approved Scheme of Arrangement for the demerger of the company's CDMO and Soft Gelatin business, which was given effect from the retrospective appointed date of April 1, 2024.

Likely market impact

Eligible shareholders will receive a Rs. 4 per share dividend once the AGM approves it, subject to a record date to be announced. The clean audit opinion and post-demerger clarity may support investor confidence, though prior-year results have been restated, which could affect year-on-year comparisons.