The Board of Directors at their meeting held on 12th May, 2025 has declared Interim Dividend to its equity and Preference Shareholders.
Awaiting price reaction for this filing.
The Board of Directors of Authum Investment & Infrastructure Limited, at its meeting on May 12, 2025, declared an interim dividend of 50% (Rs. 0.50 per share) on equity shares of Rs. 1 face value for FY 2025-26. It also declared a 7% interim dividend (Rs. 0.70 per share) on preference shares of Rs. 10 face value. The record date for both dividends is Friday, May 16, 2025, and the payout is scheduled on or before Tuesday, June 10, 2025. Notably, promoter shareholders, who collectively hold 74.95% of the company's equity, have formally waived their interim dividend on equity shares, so the payout will effectively go only to the remaining ~25% non-promoter public shareholders.
Retail and non-promoter public shareholders holding shares as of May 16, 2025 will receive Rs. 0.50 per equity share, with the effective yield for them enhanced because promoters have waived their entitlement. The promoter waiver signals confidence in reinvesting cash into the business rather than taking dividends.