2 Small Cap Stocks Set Record Date For 150% & 100% Dividend For FY23

Kirloskar Pneumatic Company and Jayant Agro-Organics are the two small-cap companies that have recently announced record date for FY23 dividend. Kirloskar Pneumatic Company is going to pay 150% dividend while Jayant Agro-Organics has recommended 100% dividend for its eligible shareholders.

Kirloskar Pneumatic Company

"As informed to you earlier, the Board at its meeting held on April 27, 2023, has recommended a final dividend of 150% (Rs. 3.00 per equity share) for the Financial Year 2022-23, subject to approval of Members at the ensuing AGM. Further, this is to inform you that the dividend, if declared, by the Members at the AGM, subject to deduction of tax at source, wherever applicable, will be paid to those Members: a. Whose names appear as Beneficial Owners as at the end of the business hours on Wednesday, July 12, 2023 in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of equity shares held in electronic form; and b. Whose names appear as Members in the Register of Members of the Company after giving effect to valid share transmissions / deletion of names in physical form lodged with the Company / its Registrar and Share Transfer Agent on or before Wednesday, July 12, 2023," said Kirloskar Pneumatic Company in a stock exchange filing.

Kirloskar Pneumatic Company Limited (KPCL) serves a number of sectors, including oil, gas, steel, cement, food and beverage, railways, defence and marine, with a product line that includes air compressors, air conditioning and refrigeration systems, process gas systems, vapour absorption systems and industrial gearboxes.

The shares of KPCL opened today on the BSE at Rs 644.60 apiece and were trading at Rs 653.70 with an upside gap of 1.58% while writing this copy.

Jayant Agro-Organics

The company said in a stock exchange filing that "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Register of Member and Share Transfer Books of the Company will remain closed from Saturday, July 08, 2023 to Thursday, July 13, 2023 (both days inclusive) for Annual General Meeting (AGM) and payment of equity dividend @ 100% i.e. Rs 5 per share on Equity Shares of Rs 5/- each fully paid up for financial year 2022-23, if declared at the 31st AGM of the Company to be held on Saturday, August 05, 2023. Dividend will be paid to the members/ beneficial owners whose name appear in the register of members as at the end of the business hours on Friday, July 07, 2023 (record date)."

A well-known oleochemical company with market leadership in castor-based specialty chemicals is Jayant Agro-Organics Limited. On Wednesday, the shares of Jayant Agro-Organics opened on the BSE at Rs 229.00 apiece and while writing this copy the stock was trading at Rs 230.90 with an upside gap of 2.21%.