Shareholders Approve 25% Dividend of Rs. 2.5 per Share at 59th AGM
At the AGM held on September 28, 2026, members approved the dividend recommended by the Board.
By ScoutQuest · · 1 min read
- Dividend Rate
- 25% i.e. Rs. 2.5/- per equity share of face value Rs. 10/-
- AGM Date
- September 28, 2026
- Meeting Location
- Registered office at Vallabh Vidyanagar, Gujarat
- Meeting Time
- 3:00 p.m. IST
What was shared
The company informed BSE that, following its Annual General Meeting held on September 28, 2026 at 3:00 p.m. IST at the registered office at Vallabh Vidyanagar, Gujarat, shareholders approved the dividend recommended by the Board.
The dividend
- Rate: 25% on face value
- Amount: Rs. 2.5/- per equity share
- Face value of each share: Rs. 10/-
How to read this
A dividend is cash paid out of profits to shareholders. Indian companies often express it as a percentage of the face value rather than of the market price, so 25% here means 25% of Rs. 10, which is Rs. 2.5 per share.
The Board recommends a dividend, but it becomes payable only once shareholders approve it at the AGM. This update confirms that approval has now happened, so the payout moves to the execution stage for those on the register as per the record date fixed for this purpose.
Takeaway
The announcement is routine post-AGM confirmation and carries no change to the amount previously recommended by the Board.
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19 Oct 2026
More numbers
- Dividend rate on face value25%
- Dividend per equity shareRs. 2.5 /-
- Face value per equity shareRs. 10/-
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