Edible Oil Stock To Consider Dividend On Oct 24, Record Date Fixed; Warrant Update Inside

Patanjali Foods Ltd today issued an update pertaining to its Board meeting scheduled to be held on October 24, 2024. Board of Directors of Patanjali Foods will consider financial results on October 24, 2024 and will also consider the declaration of dividend for the FY 2024-25. Last trading price of Patanjali Foods shares on BSE is Rs 1742.00 per share. Patanjali Foods shares fell 1.85% in trade today on BSE. The company has a market capitalisation of Rs 63,059.50 crore. FII/FPI have increased holdings from 10.30% to 14.39% in September 2024 quarter. Check details below:

Patanjali Foods To Consider Results On Oct 24: As per the exchange filing of Patanjali Foods dated October 16, 2024, "a meeting of Board of Directors of Patanjali Foods Limited ("the Company") will be held on Thursday the 24th October, 2024, inter alia, to consider and approve the unaudited consolidated financial results of the Company for the quarter and half year ended on 30th September, 2024 and take on record the Limited Review Report issued by the Statutory Auditors of the Company."

Patanjali Foods To Consider Interim Dividend: The company as per the October 21 BSE filing said, "Pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and other applicable Regulations, we may inform that the Board of Directors of the Company will inter alia, consider declaration of Interim Dividend to the equity shareholders of the Company for the Financial Year 2024-25 at the above meeting scheduled to be held on Thursday, 24th October, 2024."

Patanjali Foods Sets Record Date For Interim Dividend: The record date for determining the entitlement of the shareholders for the payment of aforesaid Interim Dividend shall be Monday, the November 04, 2024, subject to the approval of Interim Dividend by the Board of Directors, added the exchange filing.

Patanjali Foods Invests In KBC Global: KBC Global has received investment from Patanjali Foods and Herbal Park and Falcone Peak Fund. KBC Global has raised approximately Rs 99.50 crore via an issue of 45.23 crore warrants on a preferential basis to investors, as per reports. Its board gave approval to issuance of warrants at a price of Rs 2.20 per warrant. Out of the entire issue, Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park are expected to be allotted 4.55 crore warrants while Foresight Holding Pvt Ltd is expected to be allotted 228 crore warrants.Meanwhile, Falcone Peak Fund (CEIC) Ltd would be allotted 26 crore warrants for approximately Rs 57.2 crore.

After the issue of warrants, shareholding of Patanjali companies will be around 1.48% in KBC Global. The warrants will reportedly be converted into equity shares within 18 months of the allotment and receipt of the remaining amount.

Patanjali Foods Shares Performance: The 52-week high price of Patanjali Foods shares on BSE is Rs 2030.00 per share (as on 04/09/2024) and 52-week low price is Rs 1170.10 per share (as on 04/06/2023), respectively. Patanjali Foods shares gained over 9% in last 3-months, soared 19% in last 6-months, and rose 33% in last 1-year. The stock witnessed phonemenal jump of 47,828% in last 5-years period.

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