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“The Board of Directors of the Company in its meeting held on Monday, 17th March 2025 inter-alia declared 1st Interim Dividend @ Rs 2.30 (Rupees Two and thirty paise only) per equity share of face value of Re 1/- each for the financial year 2024-25. The said Interim Dividend shall be paid/dispatched within the prescribed timelines as per the provisions of the Companies Act, 2013 to those equity shareholders of the Company whose names appear in the Register of Members/records of Depositories as beneficial owners of the equity shares as on Friday, the 21st March 2025, which is the Record Date fixed for the purpose,” the company had announced in a previous filing to the stock exchanges.
The record date for a dividend is the cut-off date set by a company to determine which shareholders are eligible to receive the dividend. Investors who hold shares of the company at the end of the record date will be entitled to receive the dividend.
Typically, the record date is followed by the ex-dividend date, which is usually one business day before the record date. Investors buying the stock on or after the ex-dividend date will not receive the dividend.
However, after the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
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Other companies with their record dates set as today, to determine shareholder eligibility, are as follows (according to StockEdge):
- Acceleratebs India announced an interim dividend of Rs 0.8 per share.
- CG Power and Industrial Solutions announced an interim dividend of Rs 1.3 per share.
- Indian Railway Finance Corporation (IRFC) announced an interim dividend of Rs 0.8 per share.
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