Indian Card Clothing declares special interim dividend of Rs25 per share; stock zooms ~3%

28 Jun 2022 , 09:17 AM

Indian Card Clothing Company Limited announced that the board of directors of the company in its meeting held on June 27, 2022, has declared a Special Interim Dividend for FY22-23.

The company stated that the board has approved a dividend of Rs25 per equity share of the face value of Rs10 each.

The company further stated that July 8, 2022, will be the cut-off date for the purpose of payment of the Special Interim Dividend for the financial year 2022-23.

Indian Card Clothing has further considered and approved the proposal for the acquisition of the balance 40% equity stake in Garnett Wire Ltd.

Post this development, the company’s counter was trading at Rs279.90 in today’s early morning trade. It has registered an upside of 2.62% against its previous close of Rs272.75 on National Stock Exchange.