Purpose | Announcement Date | Ex-Date | Record Date | Dividend Amount | Dividend per Share | Remark |
---|---|---|---|---|---|---|
Dividend | 25 May 2024 | 2 Aug 2024 | - | 2 | 200 | Final |
Outcome of the Board Meeting- Further Pursuant to Regulation 43 and Regulation 30(6) of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held on May 25,2024, recommended Final Dividend of Rs. 19,53,41,600 @ Rs.20/- (Rupees twenty) on each Equity share of Rs. 10/- for the financial year 2023-24 Effect of stock split on dividend The Board of Directors in its report dated 25 May, 2024 while recommending the Final dividend of Rupees Twenty per equity share of Rs.10/- fully paid up for the year ended 31 March, 2024 has also clarified that if the face value of share is reduced, the dividend so recommended and to be declared shall also be reduced proportionately to the reduction of face value of Equity share. In other words, as a result of sub-division/split,the face value of share has been reduced by 90% from Rs. 10/-(Rupee ten priorto split ) to Rs. 1/- (Rupee one post split ). Similarly, final dividend recommended at Rs 20/- per share (prior to split) should be reduced by 90% of Rs. 20/- and to be declared at Rs. 2/- per Equity share of Rs. 1 each (Post split) (As Per BSE Announcement dated on 18.07.2024) |
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