Dividend22 May 2026, 06:01 pm
Torrent Pharma Recommends ₹9 Final Dividend, QIP up to ₹5,000 Cr
AI Summary
Torrent Pharmaceuticals Ltd's board has recommended a final dividend of ₹9 (180%) per equity share of ₹5 each, to be paid around June 25, 2026, if declared by shareholders. An interim dividend of ₹29 per share was previously paid. The record date for the final dividend is May 29, 2026. The board also approved seeking approval for issuance of equity shares/convertible bonds/debentures via QIP or other modes, up to ₹5,000 crores, in the upcoming AGM. Audited financial results for the year ended March 31, 2026, were approved with an unmodified opinion.
Key Highlights
- Final dividend of ₹9 (180%) per share recommended; record date is May 29, 2026.
- Interim dividend of ₹29 (580%) per share was previously paid.
- Enabling approval sought for QIP or other modes to raise up to ₹5,000 crores.
- Audited financial results for year ended March 31, 2026, approved.
- Board meeting commenced at 2:00 pm and concluded at 4:00 pm.
Price Impact
More from TORNTPHARM