India Glycols Clarifies ₹ 5 Per Share Dividend Post Stock Split for FY2024-25
The announcement details a proposed dividend payment for FY2024-25 and clarifies the per-share amount following a stock split, directly impacting shareholders by adjusting the dividend per share amount and confirming the overall payout plan.
The announcement clarifies the dividend amount per share after a stock split, which is a procedural update rather than a new positive or negative financial event. The total dividend value remains the same, only the per-share amount is adjusted.
* India Glycols Limited announced an update regarding the dividend for the financial year 2024-25, following the sub-division/split of its equity shares. * The Board of Directors had initially recommended a 100% dividend for FY2024-25 on 16th May, 2025, when the face value of each equity share was ₹ 10/-. * Subsequently, the Board approved a sub-division/split of equity shares from ₹ 10/- each into 2 (Two) equity shares of ₹ 5/- each on 30th May, 2025. * This share split was approved by members on 22nd July, 2025, with 12th August, 2025, fixed as the Record date for the split, resulting in a revised face value of ₹ 5/- per equity share. * Accordingly, the dividend at the rate of 100% will now translate to ₹ 5/- per Equity Share, based on the revised face value of ₹ 5/- each. * This dividend is subject to approval by the members at the 41st Annual General Meeting of the Company, scheduled for 30th September, 2025.
What to do with a filing like this
India Glycols Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. 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 India Glycols Limited. Read the original for the full detail.