Chemicals Sector Midcap Stock Fixes Record Date For 300% Dividend, Scrip Up 185.15% In 3 Yrs

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. has fixed the record date as Tuesday, Sept 19, 2023, for 300% dividend. The company operates in the chemicals sector having a market cap of Rs 8,668.48 Crore. It is a Midcap company.

The Board of Directors of the company in a meeting held on May 18, 2023, recommended a dividend at 300% i.e. Rs 30/share of Rs 10 each fully Paid-up for financial year 2022-23. The recommended dividend is subject to approval of Shareholders at the 47th AGM.

Sr. No.	Project	Details
1	Day & Date of AGM	Tuesday, September 26, 2023
2	Time	3:00 P.M. (IST)
3	Mode	Video Conference / Other Audio Visual Means ('VC / OAVM)
4	Book Closer	Wednesday, September 20, 2023 to Tuesday, September 26, 2023 (Both days inclusive)
5	Dividend Payment Date	On or After Tuesday, October 03, 2023 (Subject to Shareholders approval at the 47" AGM)
6	Record Date	Tuesday, September 19, 2023
7	Venue	The proceedings of the AGM shall be deemed to be conducted at the Registered Office of the Company i.e. P.O. Narmadanagar - 392015, Bharuch, through VC

"The Board of Directors has in the said Meeting recommended a Dividend of Rs. 30/-per equity share of Rs. 10/-each Fully Paid Up (@ 300%) for the Financial Year ended 31st March, 2023, subject to approval of Shareholders at the ensuing Annual General Meeting. Upon approval by the Shareholders, the dividend declared will be paid within 30 days of declaration and the date of payment of dividend will be intimated in due course," the Board said in an exchange filing on May 18.

On Wednesday, Gujarat Narmada Valley Fertilizers & Chemicals' shares closed 2.35% higher at Rs 557.75 on BSE with intraday highs and lows of Rs 561 and Rs 553.95, respectively.

The stock surged 3.08% in 1 week and declined 5.87% in 1 month. It declined 23.52% in 1 year. In 3 years, it gained 185.15%. It gained 38.76% in 5 years.

The stock's 52-week high is Rs 789 apiece, recorded on Sept 13, 2022, and its 52-week low is Rs 484.45 apiece, recorded on Mar 28, 2023.

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