Bharat Forge's board fixes record date for payment of Dividend; stock slips ~1%

22 Jun 2022 , 11:53 AM

In continuation of its announcement dated May 16, 2022, where Bharat Forge Limited has announced a dividend of Rs5.50 (275%) per share having a face value of Rs2 each.

The company stated in its regulatory filing, “Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the purpose of determining entitlement of members to final dividend, the Company has fixed Friday, July 15, 2022, as the Record Date.”

The payment of dividend, if approved at the 61st Annual General Meeting of the Company to be held on Friday, August 12, 2022, will be made on or after Friday, August 19, 2022.

Post this development, Bharat Forge’s scrip was trading 1.03% lower at Rs640.20 against its previous close of Rs646.85 on NSE. It touched intraday high and low of Rs645.95 and Rs635 respectively.

Bharat Forge is currently trading at Rs639.80 down by Rs7.6 or 1.17% from its previous closing of Rs647.40 on the BSE. The scrip opened at Rs641.30 and has touched intraday high and low of Rs644.40 and Rs635.30 respectively.