The Board of Directors of the company at their meeting held on 26th May, 2025 have recommended the final Dividend of Rs. 0.40 per equity share of Rs.4 each for the financial year 2024-25 ....
Awaiting price reaction for this filing.
The Board of Directors of Olectra Greentech Limited, at their meeting held on 26th May 2025, recommended a final dividend of Rs. 0.40 per equity share (face value Rs. 4 each) for the financial year 2024-25. This translates to a 10% dividend on the face value of the share. The dividend is subject to approval from shareholders at the upcoming Annual General Meeting. The book closure date for the purpose of the dividend will be communicated later. Payment, if approved, will be made within 30 days from the conclusion of the AGM.
This is a modest dividend payout for shareholders, subject to AGM approval. The actual market yield on this dividend will depend on the prevailing share price. No immediate material impact on stock price is expected from this announcement alone.