Federal-Mogul Goetze Declares Interim & Special Dividend of ₹7.50 & ₹86.50
Federal-Mogul Goetze declared an interim dividend of ₹7.50 and a special dividend of ₹86.50 per equity share. The record date is September 4, 2026, with payment expected by September 25, 2026. Shareholders must submit tax declarations by September 9, 2026.
The dividend payout is a significant financial event for shareholders, impacting their investment returns. However, the impact is considered medium as it is a standard distribution and not a fundamental change in the company's operations.
The declaration of dividends, especially a special dividend, is generally viewed positively by shareholders as it represents a return of profits to them.
Federal-Mogul Goetze (India) Limited announced the declaration of an interim dividend of ₹7.50 and a special dividend of ₹86.50 per equity share of ₹10 each. This decision was approved by the Board of Directors in their meeting held on August 27, 2026.
The interim and special dividends will be paid to equity shareholders whose names appear on the Register of Members or as beneficial owners in the records of depositories as of Friday, September 4, 2026. This date has been fixed as the Record Date for the dividend distribution.
The dividends are scheduled to be paid on or before Friday, September 25, 2026, in compliance with the Companies Act, 2013. Shareholders are advised that the dividends will be taxable in their hands, and the company will deduct tax at source (TDS) at the prescribed rates. Shareholders are requested to furnish relevant tax declarations and supporting documents to the Registrar and Transfer Agent (RTA) by September 9, 2026, to ensure the correct TDS deduction. Shareholders holding shares in physical form are also advised to update their PAN, KYC details, and nomination, and consider dematerializing their shares.
A plain-language summary of a public exchange filing by Federal-Mogul Goetze (India) Limited.. Read the original for the full detail.