We hereby enclose the dividend of Rs 0.05 per share approved by the board at their meeting held today 29.05.2025
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The board of Zinema Media And Entertainment Ltd met on May 29, 2025 and approved audited financial results for the quarter and year ended March 31, 2025. It recommended a small dividend of Rs 0.05 per equity share on a face value of Rs 10, to be paid on a pro-rata basis for partly paid shares. The board also accepted the resignation of Mr. Praveen Potabattula as Chief Financial Officer, effective the same day, citing personal reasons with no other material reasons disclosed. The company will announce the AGM date and dividend payment date in due course.
The dividend of Rs 0.05 per share is negligible (just 0.5% on face value), so it is unlikely to meaningfully boost shareholder returns or move the stock price. The sudden CFO exit could raise minor governance concerns for investors to watch, especially if a permanent replacement is not announced quickly.