Gaja Alternative Asset Management Recommends Dividend of ₹0.75/Share, Sets Record Date
Gaja Alternative Asset Management's Board recommended a dividend of ₹0.75 per equity share (15%) for FY26. The Record Date is September 19, 2026. The 27th AGM is scheduled for September 26, 2026, where the dividend will be proposed for shareholder approval. If approved, payment will be made by October 25, 2026.
Dividend announcements are important for investors, affecting share price and investor sentiment. The amount is specific and directly impacts shareholders.
The announcement of a dividend recommendation is generally positive for shareholders as it indicates the company's profitability and willingness to distribute profits.
Gaja Alternative Asset Management Limited announced that its Board of Directors, in a meeting held on June 4, 2026, recommended a dividend of ₹0.75 per equity share. This dividend, representing 15% of the face value of ₹5 per share, is for the financial year ended March 31, 2026. The recommendation is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM).
Subsequently, the Board of Directors, in another meeting held on September 3, 2026, has fixed Saturday, September 19, 2026, as the Record Date. This date will be used to determine which shareholders are entitled to receive the dividend, provided it is declared at the AGM.
The 27th Annual General Meeting of the Company is scheduled to take place on Saturday, September 26, 2026. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means, and the proposed dividend will be presented to the members for their approval.
If the dividend is approved by the shareholders at the AGM, it will be paid or dispatched to the eligible shareholders within 30 days from the date of the AGM. This means the dividend payment is expected on or before October 25, 2026, in compliance with Regulation 34 read with Section 123 of the Companies Act, 2013.
A plain-language summary of a public exchange filing by Gaja Alternative Asset Management Limited. Read the original for the full detail.