Dividend22 May 2026, 07:41 pm
Industrial & Prudential Recommends ₹120 Dividend (1200%)
AI Summary
Industrial & Prudential Investment Company Ltd's board has recommended a dividend of ₹120 (1200%) per equity share of face value ₹10 for the financial year ended March 31, 2026, subject to shareholder approval at the AGM. Additionally, Mrs. Sanjukta Majumdar was appointed as the Internal Auditor for FY 2026-27. The board also approved the continuation of Mr. Gaurav Swarup as Chairman & Managing Director beyond the age of 70, subject to member approval.
Key Highlights
- Recommended dividend of ₹120 per share (1200%) for FY26.
- Dividend is subject to shareholder approval at the AGM.
- Sanjukta Majumdar appointed as Internal Auditor for FY27.
- Gaurav Swarup's tenure as Chairman & MD extended beyond 70, pending approval.
Price Impact
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