CG-VAK Software and Exports Limited has announced that its Directors have recommended a dividend of ₹1 per equity share, representing a 10% payout on each equity share. This proposed dividend amounts to a total payout of ₹50.50 lakhs and is subject to shareholder approval at the upcoming Annual General Meeting. The dividend will be paid to shareholders whose names appear on the Register of Members as of the Annual General Meeting date.
Proposed Dividend Payout
The Board of Directors of CG-VAK Software and Exports Limited has proposed a dividend of ₹1 per equity share. This translates to a 10% payout based on the face value of Rs. 10 per equity share. The total estimated equity dividend payout amounts to ₹50.50 lakhs.
Shareholder Approval and Payment
The proposed dividend is contingent upon the approval of the shareholders at the ensuing Annual General Meeting. The company has confirmed that this proposed equity dividend has not been included as a liability in the financial statements for the current year. Payment of the dividend, if approved, will be made to those members whose names appear in the Register of Members as on the date of the Annual General Meeting.
Source: BSE
