Rs 35/Share Dividend: Auto Ancillaries Stock Declares Sept 9 As Record Date, Eligible?

Small cap company engaged in Auto Ancillaries sector, Lumax Industries Ltd today fixed September 9, 2024 as the record date to receive dividend on the equity shares for the financial year 2023-24. Current market price of Lumax Industries Ltd shares on BSE is Rs 2781.65 per share. Board Of Directors of Lumax Industries on May 24, 2024 recommended Rs 35/- per equity share (350%). Lumax Industries shares offered return of 28% in last 1-year and zoomed 95% in last 2-years. Check more information pertaining to Lumax Industries below:

Lumax Industries Sets Record Date For Dividend: As per the regulatory filing of Lumax Industries dated August 20, 2024, "Further, pursuant to the provisions of Regulation 42 of the Listing Regulations, 2015, the Company has fixed Monday, September 09, 2024 as the "Record Date" for purpose of determining the shareholders eligible to receive Dividend on the equity shares for the Financial Year 2023-24 and has fixed Saturday, September 21, 2024 as the "Cut-off Date" for the purpose of determining the shareholders eligible to vote on the resolution(s) set out in the Notice of the AGM or to attend the AGM."

Lumax Industries Dividend: The BSE filing dated May 24 stated, "recommendation of Final Dividend of Rs. 35/- per Equity Share (350%) of the Face Value of Rs. 10/- for the Financial Year 2023-24 subject to the approval of Shareholders in the ensuing Annual General Meeting of the Company; The dividend, if approved by the Shareholders, will be paid within 30 days of approval/declaration."

Lumax Industries Shares Performance: The 52-week high price of Lumax Industries shares on BSE is Rs 3045.00 per share (as on 08/07/2024) and 52-week low price is Rs 2020.05 per share (29/01/2024), respectively. Lumax Industries stock surged over 2% in last 1-week, gained 14% in last 6-months, rose 93% in last 3-years, and offered return of 133% in last 5-years.

How To Be Eligible For Lumax Industries Dividend? Record date plays significant role in declaring eligibility of shareholders for dividend. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend income. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution. Lumax Industries fixed September 9, 2024 as the record date for dividend.

About: Lumax Industries Limited, a flagship company of Lumax-DK Jain Group, is India's pioneer and most experienced player in the Automotive Lighting Industry. The company has almost 4 decades of strong partnership with Stanley Electric Co. Limited, Japan, a world leader in Vehicle Lighting and illumination products. Lumax has eleven ultra-modern manufacturing plants in India, strategically located near manufacturing locations of major OEMs. Lumax Industries is one of the major suppliers to OEMs including Hero Motocorp, Honda Motorcycle & Scooter India, Honda Cars, Mahindra & Mahindra, etc, according to its official website.

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