Dividend12 May 2026, 02:55 pm
Standard Industries Recommends ₹0.25 Dividend; Record Date Set
AI Summary
The Board of Directors of Standard Industries Ltd. has recommended a final dividend of Re. 0.25 per equity share for the financial year 2025-26, subject to shareholder approval at the 129th AGM. The record date for determining shareholder entitlement is August 11, 2026. Additionally, the board approved the assignment/transfer of development rights for land in Mumbai to Prabhadevi Developer Private Limited for ₹169.51 Cr plus allocation of residential area.
Key Highlights
- Standard Industries recommends a final dividend of ₹0.25 per share.
- Record date for dividend eligibility is set for August 11, 2026.
- Board approves transfer of development rights for Mumbai land.
- Consideration for land transfer includes ₹169.51 Cr and residential area allocation.
- Khurshed Thanawalla's re-appointment as Non-Executive Independent Director proposed.
Price Impact
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