Board declares 2nd interim dividend of Rs. 2 per share for FY26-27; record date October 23, 2026
Board of Directors met on October 16, 2026 and declared the 2nd interim dividend for FY26-27.
By ScoutQuest · · 1 min read
- Interim Dividend Rate
- Rs. 2/- per equity share, i.e. 20% of the face value of equity shares of Rs. 10/- each
- Record Date
- October 23, 2026
- Dividend Payment Start Date
- October 30, 2026
What the board decided
- The Board of Directors met on October 16, 2026 and declared the 2nd interim dividend for FY26-27.
- The dividend is Rs. 2/- (Rupees Two only) per equity share.
- Since the equity shares have a face value of Rs. 10/- each, this payout equals 20% of the face value.
Record date and payment
- October 23, 2026 is the record date for the purpose of payment of this interim dividend.
- The interim dividend shall be paid starting from October 30, 2026.
- The update describes this as the 2nd interim dividend for the financial year 2026-27.
What these terms mean
- An interim dividend is a payout a company declares during the year, before the full-year results are finalised, as against a final dividend declared at the end of the year.
- The record date is the cut-off date used to decide which shareholders are entitled to this payout.
- The dividend is stated per share, so the amount a shareholder receives depends on the number of shares held on the record date.
- The percentage of face value (here 20%) is a way of expressing the payout relative to the share's nominal value of Rs. 10/-, not relative to its market price.
The meeting itself ran from 2:30 p.m. to 3:45 p.m. and the outcome was intimated to BSE Limited and the National Stock Exchange of India Limited.
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More numbers
- Interim dividend per equity shareRs. 2/-
- Dividend as percentage of face value20%
- Face value per equity shareRs. 10/-
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