Gaja Capital Recommends ₹0.75 Dividend; AGM on Sep 26
Gaja Capital's Board recommended a dividend of ₹0.75 per share for FY26. The 27th AGM is scheduled for September 26, 2026, where shareholders will approve the dividend. The record date is September 19, 2026, and the dividend payment is expected by October 25, 2026.
A dividend recommendation is a positive development for shareholders, but its impact is medium as it is subject to shareholder approval and the amount is relatively small per share.
The announcement of a recommended dividend 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 a meeting held on September 3, 2026, has fixed Saturday, September 19, 2026, as the Record Date. This date will be used to determine the eligibility of members to receive the proposed dividend, should it be declared at the AGM.
The 27th Annual General Meeting of the Company is scheduled to be held on Saturday, September 26, 2026. The meeting will be conducted through Video Conferencing and Other Audio-Visual Means, where the members will vote on the proposed dividend.
If the dividend is approved by the members at the AGM, it will be paid or dispatched to the eligible shareholders within 30 days from the date of the AGM, which is on or before October 25, 2026. This payment will be in accordance 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.