StockWatch
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Iron & Steel Products
Dividend4 Nov 2026, 02:27 pm

Shivalik Bimetal Approves 100% Interim Dividend & 2:1 Bonus Issue

AI Summary

Shivalik Bimetal Controls Ltd announced a board meeting where they approved an interim dividend of 100% (₹2 per equity share) and a 2:1 bonus share issue. The record date for the dividend is November 13, 2026. The company also approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the authorized share capital will be increased, and an EGM is scheduled for December 16, 2026, to approve the bonus issue and capital alteration. The company also addressed interim CFO responsibilities and noted the resignation of the Company Secretary.

Key Highlights

  • Approved interim dividend of 100% (₹2 per share).
  • Approved bonus equity shares in a 2:1 ratio.
  • Fixed November 13, 2026, as the record date for dividend.
  • Approved Un-Audited Financial Results for Q2 FY27.
  • EGM scheduled for December 16, 2026, for bonus issue approval.