The Board, inter alia, considered and approved the following business matters: 1. Declaration of Interim Dividend at the rate of 0.5% (Point Five Percent) per equity share having face ....
Awaiting price reaction for this filing.
The Board of Directors of Colab Platforms Limited, at its meeting held on 17th April 2025, approved an interim dividend of 0.5% per equity share for FY 2025-26. The dividend is on shares with a face value of Rs. 2 each, translating to Re. 0.01 per share. The Board fixed Thursday, 24th April 2025, as the record date to identify eligible shareholders. The dividend will be paid on or before Friday, 16th May 2025 to shareholders holding shares as on the record date.
This is a very small dividend in absolute terms (Re. 0.01 per share) and is unlikely to have a meaningful impact on the stock price or be a significant return for shareholders. It is more of a routine compliance/regulatory disclosure than a value-accretive event.