The Board of Directors of Banco Products (India) Limited has approved the declaration of a Second Interim Dividend of Rs. 8/- (400%) per equity share for the Financial Year 2025-26. The Board has set Thursday, March 19, 2026, as the record date for determining member entitlements. The payment of this dividend is scheduled to commence on or after Wednesday, March 25, 2026.
Board Meeting Outcome: Dividend Declaration
Banco Products (India) Limited has informed the exchanges regarding the outcome of its Board of Directors meeting held on Friday, March 13, 2026. The Board inter-alia considered and approved the declaration of a substantial interim dividend for the ongoing financial year.
Key Dividend Details
The key resolution passed by the Board was the declaration of the Second Interim Dividend for the Financial Year 2025-26. The quantum of the dividend declared is Rs. 8/- (Rupees Eight only) per equity share, which translates to 400% of the face value, where the face value of each share is Rs. 2/-.
Record Date and Payment Schedule
To facilitate the distribution of this dividend, the Board has formally fixed the following important dates:
- Record Date: Thursday, March 19, 2026, to determine the eligibility of members for the dividend payment.
- Payment Commencement: The dividend payment will commence on or after Wednesday, March 25, 2026.
The Board meeting commenced at 11:30 A.M. and concluded at 12:30 P.M. on the date of the announcement.
Source: BSE
