Rs 16.50/Sh Dividend: State Chemicals PSU Sets Sept 6 As Record Date

Leading public sector undertaking Gujarat Narmada Valley Fertilizers & Chemicals Ltd. shares witnessed decline of 0.50% to settle at Rs 666.30 per share on BSE on Friday. Gujarat Narmada Valley Fertilizers shares gained 2.38% in last 1-week and offered return of 19% in last 1-year. The PSU on May 28 recommended Rs 16.50 per equity share dividend of Rs 10/- each for the financial year ended March 31, 2024. Today Gujarat Narmada Valley Fertilizers fixed September 6, 2024 as the record date for Rs 16.50 per equity share dividend. Check details below:

Gujarat Narmada Valley Fertilizers Dividend: As per the May 28 BSE filing of Gujarat Narmada Valley Fertilizers, "The Board of Directors has in the said Meeting recommended a Dividend of Rs. 16.50/- per equity share of Rs. 10/- each Fully Paid up (@165%) for the Financial Year ended 31 st March, 2024, 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."

Gujarat Narmada Valley To Hold 48th AGM On September 20: The BSE filing issued today (August 23, 2024) declared that Gujarat Narmada Valley will hold its 48th AGM on September 20, 2024 at 3 PM. The company declared today that the dividend payment date will be on or after Monday, September 23, 2024 (Subject to Shareholders approval at the 48th AGM)."

Gujarat Narmada Valley Shares Performance: The 52-week high price of Gujarat Narmada Valley shares on BSE is Rs 814.85 per share (as on 04/01/2024) and 52-week low price is Rs 561.05 per share (as on 25/08/2023), respectively. Gujarat Narmada Valley shares declined 16% year-to-date, slipped again 8% in last 2-years, gave return of 110% in last 3-years, and zoomed 272% in last 5-years.

About: Gujarat Narmada Valley Fertilizers & Chemicals Limited.(GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area. GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world's largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects - in fields as diverse as chemicals, fertilizers and electronics, according to its official website.

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