Vardhman Special Steels Limited has informed the Exchange that Board of Directors at its meeting held on April 22, 2025, recommended Final Dividend of Rs. 3 per equity share.
VSSL · price
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On the reaction day the stock moved 19.1 pts more than Nifty Microcap 250 and 19.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Vardhman Special Steels Limited, at its meeting held on April 22, 2025, has recommended a Final Dividend of Rs. 3 per equity share for the financial year. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The record date and book closure dates will be announced separately by the company.
Shareholders will receive a Rs. 3 per share payout upon approval, which may provide modest income support. The announcement is largely a routine corporate action and is unlikely to cause significant short-term stock price movement.