Please refer the attached letter.
PHOENIXLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 0.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Phoenix Mills Limited has informed the stock exchanges that its Board of Directors will meet on April 30, 2025, to consider and recommend a Final Dividend on equity shares for the financial year ended March 31, 2025. No specific dividend amount or rate has been disclosed yet — this is a preliminary intimation under SEBI Listing Regulations. The decision will be taken at the upcoming board meeting, and shareholders will be informed once the board approves the recommendation.
This is an advance notice and not an actual dividend declaration. Shareholders should await the board meeting outcome on April 30, 2025, for the final dividend quantum. Positive sentiment likely if a healthy dividend is announced, given the company's track record, but no immediate price impact until the amount is confirmed.