Deepak Nitrite Limited has announced that its Board of Directors has recommended a final dividend of ₹7.50 per equity share for the financial year ended March 31, 2026. This dividend payout, representing a 375% return on the face value of ₹2 per share, is subject to approval by shareholders at the company’s upcoming 55th Annual General Meeting. If approved, the payment will be disbursed within 30 days of the meeting.
Dividend Recommendation Overview
Following the meeting held on May 15, 2026, the Board of Directors of Deepak Nitrite Limited officially recommended a dividend of ₹7.50 per equity share. This recommendation pertains to the financial year that concluded on March 31, 2026. The payout is applicable to the company’s total base of 13,63,93,041 equity shares, each carrying a face value of ₹2.
Approval and Payment Timeline
The proposed dividend remains subject to the final approval of shareholders at the company’s 55th Annual General Meeting (AGM). As per the announcement, once authorized by the shareholders at the AGM, the dividend amount will be paid out to eligible investors within a window of 30 days. The board proceedings concluded on May 15, 2026, confirming the company’s commitment to returning value to its stakeholders for the completed fiscal year.
Source: BSE
