Taj GVK Hotels & Resorts Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2025, declared Select Dividend of Rs. 2 per equity share.
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.8 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Taj GVK Hotels & Resorts' Board of Directors met on May 13, 2025, and approved the audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025. The Board also recommended a dividend of Rs. 2 per equity share on shares of Rs. 2 face value, which works out to 100% of face value. This is higher than the previous year's dividend of 75% (Rs. 1.50 per share). The dividend is subject to shareholder approval at the upcoming Annual General Meeting.
The 33% increase in dividend (from 75% to 100% of face value) signals improved confidence in cash flows and profitability, which is positive for shareholders. Investors should watch for the detailed FY25 results for underlying earnings performance.