Deepak Nitrite Recommends ₹7.50 Dividend for FY26, Declares 375% Payout
Deepak Nitrite Limited's Board recommended a dividend of ₹7.50 per equity share (375%) for FY26. Shareholders' approval is required at the 55th AGM. The dividend will be paid within 30 days post-AGM.
A dividend announcement is a significant event for shareholders, impacting their investment returns. The amount is substantial enough to warrant a medium impact.
The recommendation of a dividend is a positive signal to shareholders, indicating the company's profitability and commitment to returning value.
Deepak Nitrite Limited announced that its Board of Directors, in a meeting held on May 15, 2026, recommended a dividend of ₹7.50 per equity share. This represents a payout of 375% for the financial year ended March 31, 2026, on 13,63,93,041 equity shares, each with a face value of ₹2.
The recommended dividend is subject to approval by the shareholders at the upcoming 55th Annual General Meeting (AGM) of the Company. If approved, the dividend will be paid within 30 days from the date of the AGM.
The Board Meeting commenced at 2:10 P.M. and concluded at 4:30 P.M. on May 15, 2026.
What to do with a filing like this
Deepak Nitrite Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Deepak Nitrite Limited. Read the original for the full detail.