Persistent spurts ~3% as board to consider interim dividend on April 26

5 Apr 2022 , 01:09 PM

Persistent Systems Limited informed that the meeting of the board of directors of the company is scheduled to be held on Tuesday, April 26, 2022, and will continue on Wednesday, April 27, 2022, at Pune to consider interim dividend for the current fiscal year.

Post this development, Persistent’s counter jumped 2.62% so far in today’s trade. It is currently trading at Rs4,917 against its previous close of Rs4,791.50 on NSE. It hit the intraday high and low of Rs4,954 and Rs4,800 respectively.

The company stated that it will consider the Audited Financial Results of the Company for the quarter and year ended March 31, 2022, in this meeting. It will also consider the recommendation of a Final Dividend, if any, for the Financial Year 2021-22.

If the Final Dividend is recommended by the Board of Directors, the Book Closure for the purpose of payment of the same will be determined later and will be communicated to the stock exchanges separately.