Dividend Stock: Small Cap Stock Fixes Record Date For Rs 11/Share Dividend

Small cap stock Nirlon Ltd on August 8 fixed September 4, 2023 as the record date for final dividend of Rs 11 per equity share for the FY 2022-23. Soon after the company declared record date for dividend, Nirlon shares rallied 2% intraday on BSE. Check details below:

Nirlon Declares Record Date For Final Dividend: According to the regulatory filing of Nirlon dated August 8, 2023, Board of Directors of the Company at their meeting held on August 8, 2023 have fixed September 4, 2023 as record date For the purpose of 64th Annual General Meeting scheduled on Friday, September 15 , 2023 at 12.00 noon (IST), and payment of final dividend upon being declared there at.

Earlier, the company recommended a final dividend of Rs.11.00 per equity share (@110%) has been recommended by the Board for the F.Y. 2022-23, and subject to the approval of Members at this ensuing 64th AGM, Friday, September 15, 2023. If the dividend as recommended by the Board is approved at the 64th AGM, payment of such dividend, subject to deduction of tax at source (TDS), will be made on or before Friday, October 13, 2023 to Members.

Nirlon Stock Performance & Return: Current market price of Nirlon share is Rs 431.00 apiece with intraday gain of 2% on BSE. Its 52-week high price is Rs 448.00 apiece and 52-week low price is Rs 301.10 apiece, respectively. Its market capitalisation is Rs 3876.43 crore. In last 6-months, Nirlon shares gained 19%, offered 27% return YTD, jumped 13% in last 1-year, and offered a return of 43% in last 2-years.

Nirlon Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 148.48 crore, up 2.89% as against its last quarter total income of Rs 144.31 crore. It announced its latest quarter net profit after tax at Rs 49.71 crore.

Nirlon About: Nirlon is engaged in manufacturing and marketing of tyre cord yarn, tyre cord fabric, industrial fabric, conveyor belts and fan and V-belts, among others. It also operates in real estate sector.

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