225% Dividend: Small Cap Auto Ancillaries Stock Revised Record Date For Rs 4.50/Share Final Dividend

Auto Ancillaries company, Lumax Auto Technologies Ltd. on Friday, informed the stock exchange that the Baord of Directors of the company has revised the "Record Date" to Thursday, Aug 10, 2023, for the 225% final dividend for the Financial Year 2022-23. In addition, the Board has fixed Wednesday, Aug 16, 2023, as the "Cut-off Date" for the purpose of determining the members eligible to attend the AGM.

On May 30, 2023, the Board recommended a final dividend of Rs 4.50/- per equity share (225%) of face value of Rs 2/- each i.e., for F.Y 2022-23.

Revised Record Date

According to an exchange filing by the Board of Directors of Lumax Auto Technologies Ltd., "The Company has revised the "Record Date" to Thursday, August 10, 2023 for ascertaining the list of shareholders eligible for Dividend for the Financial Year 2022-23 and has fixed Wednesday, August 16, 2023 as the "Cut-off Date" for the purpose of determining the members eligible to vote on the resolution(s) set out in the Notice of the AGM or to attend the AGM."

Dividend

According to a regulatory filing by the Board on May 30, 2023, "Recommendation of Final Dividend of INR. 4.50/-per Equity Share (225%) of the Face Value of INR. 2/-for the Financial Year 2022-23 subject to the approval of Shareholders at ensuing Annual General Meeting of the Company. The dividend, if approved by the Shareholders, will be paid within 30 days of approval/declaration."

Current Market Price, 52-Week-Low/High, Returns

On Friday, the shares gained 3.02%, ended at Rs 372.15 apiece with intraday high and low of Rs 374.90 and Rs 362.10 on BSE, respectively.

It surged 2.34% in 1 week and declined 3.38% in 2 weeks. In 1 month, it gained 5.65%, in 3 months, it gained 19.15% and in 6 months, it gained 11.51%. It gained 16.36% in 1 year. It gave 71.88% return in 3 years and 77.20% in 5 years, respectively.

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