Disa India fixes interim dividend of Rs150 per share; stock slumps ~5%

28 Mar 2022 , 03:58 PM

In its regulatory filing today, DISA India Limited informed that the company’s board of directors has declared the first Interim Dividend of Rs150 (Rupees One Hundred and Fifty) per equity share of the face value of Rs10 each (1500%) for the Financial Year 2021-22. The total estimated dividend to be payable by the company amounts to Rs218.13 million.

The company will pay the said interim dividend on or after April 15, 2022, but within 30 days from the date of declaration.

The board has fixed April 8, 2022, as the record date for the purposes of ascertaining the eligibility of equity shareholders for payment of Interim Dividend.

Following this announcement, Disa India’s stock plunged 4.61% and ended at Rs6,006.30 against its previous close of Rs6,296.55. It touched the day’s high and low of Rs6,455.45 and Rs5,966 respectively.