Vimta Labs Limited has informed the Exchange that Record date for the purpose of Dividend is 30-May-2025.
VIMTALABS · price
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Vimta Labs has fixed 30 May 2025 as the record date for a ₹2 per equity share dividend for FY25, subject to shareholder approval at the 35th AGM on 6 June 2025 (held via video conferencing). The AGM notice also seeks approval for a 1:1 bonus share issue (1 bonus share for every 1 held), an increase in the overall borrowing limit to ₹300 crores, and a strategic entry into the Biologics Contract Research and Development (CDMO) segment with an estimated ₹50 crore investment. Other agenda items include appointment of a secretarial auditor, re-appointment of an independent director, revision of remuneration for executive directors, and ratification of cost auditor fees. Dividend payment, if approved, is scheduled for 16 June 2025.
The combined ₹2 dividend and 1:1 bonus is shareholder-friendly, but the bonus will double the share count and proportionally halve per-share metrics like EPS and per-share dividend. The proposed Biologics CDMO foray signals long-term growth ambitions and could unlock new revenue, though it will raise capital requirements. Investors should track AGM voting outcomes and the post-bonus ex-date price adjustment.