BEML board declares second interim dividend of Rs 15 per share for FY25
By Aman Shukla Published on May 9, 2025, 12:21 IST
BEML Limited announced the declaration of a second interim dividend of ₹15 per equity share for the financial year 2024–25. The decision was made during the company's 411th Board of Directors meeting held on May 9, 2025.
The dividend represents 150% of the face value of each equity share, which is ₹10. The company has set May 15, 2025, as the record date to determine the eligibility of shareholders for receiving the interim dividend.
In the exchange filing, the company stated, 'The Board of Directors of the Company in its 411th meeting held on 09.05.2025, inter-alia, has declared 2 nd Interim Dividend of Rs. 15/- per equity share of Rs.10/- each (i.e. 150% of paid up share capital) for the Financial year 2024-25.'
The board meeting commenced at 11:02 AM and concluded at 12:05 PM on the same day.
This dividend payout is part of BEML's ongoing financial strategy for the fiscal year and will be credited to eligible shareholders based on the record date.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Treasury Options Skew June 2025
Implied volatility in options on Treasury futures has drifted lower since April, but the skew—particularly in the belly of the curve—remains a focal point. As traders prepare for a data-heavy June, including Non-Farm Payrolls, CPI and the FOMC, the behavior of skew and CVOL in the Ultra 10-Year (UXY) futures complex offers a revealing lens into how rate risk is being priced. Downside skew in Treasury options—especially on 5-Year (FV), 10-Year (TY) and Ultra 10-Year (UXY) futures—remains elevated. TYVY, the CVOL Index for 10-Year Treasury options, has declined from April highs but is still holding in the 115–120 range. Key macro events ahead: Non-Farm Payrolls – Friday, June 6 . Consumer Price Index (CPI) – Wednesday, June 12. FOMC Statement – Wednesday, June 18, 2:00 p.m. ET; press conference at 2:30 p.m. ET. PCE Price Index – Friday, June 27. Despite the decline in overall volatility, downside skew remains persistent, particularly in UXY and FV options. Traders continue to assign higher premiums to puts relative to calls, reflecting structural demand for downside hedges or latent concerns about fiscal risk, policy missteps or supply shocks. As we approach the June 6 jobs report, and especially the June 18 FOMC decision, this skew could be tested. Traders can use CVOL to see TVL or volatility indices for 2-, 5-, 10-Year and Bond futures. For volatility on options like the growing option volume on Ultra 10-Year futures consider QuikVol's QuikSkew analytics. The 2s10s curve steepened in May, reviving interest in conditional curve trades using options to express directional views on curve shape. Options are increasingly being used to express conditional curve trades. Call spreads in FV versus put spreads in UXY. Butterfly structures around inflection points in UXY to capture steepening potential without excessive Vega exposure. TYVY skew, built on deep liquidity from options on 10-Year Note futures, supports this theme. Depending on one's risk management strategy, options on 10-Year Note futures or options on Ultra 10-Year futures retain more downside premium relative to other tenors. We have expanded our suite of Treasury options with the addition of Tuesday and Thursday expiries, significantly enhancing the flexibility of short-dated hedging strategies. This update allows market participants to position tactically around high-impact economic releases such as Non-Farm Payrolls, CPI and FOMC decisions, by accessing expiries available every trading day of the week, two weeks forward. This enhancement is especially valuable in environments with compressed risk windows, intraday volatility bursts, or when event timing doesn't align neatly with the traditional Monday/Wednesday/Friday expiration schedule. The change was detailed in CME Group SER-9566R. With the macro spotlight on June 6 and June 18, options on Treasury futures offer deep insight into how rate risk is being repriced. Skews in UXY options, the behavior of TVL and renewed activity in curve-based option structures all point to a market that sees risk beneath the surface. Whether you're watching TVL or the new Tuesday and Thursday expiries, June will be a month to track the message inside the vol surface. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. CME Group Inc. does not have control over the content, accuracy, quality, or legality, of any third-party product, service, or content advertised on this webpage. The presence of such advertisements on this webpage does not signify any association, partnership, or endorsement of the third-party or its content by CME Group Inc. Full disclaimer Copyright © 2025 CME Group Inc.
Yahoo
3 hours ago
- Yahoo
Empress Grants Stock Options and Equity Incentives
VANCOUVER, BC / / June 6, 2025 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress Royalty" or the "Company") announces that the Board of Directors has approved the granting of 1,400,000 incentive stock options (the "Options") to purchase an aggregate of 1,400,000 common shares (the "CommonShares") of the Company to certain directors, officers, employees, and consultants of the Company. Each Option is exercisable into one Common Share at an exercise price of $0.68, being the closing market price of Empress' common shares on June 6, 2025. The Options will vest as to one-third on the date of grant, one-third one year from the date of grant, and one-third two years from the date of grant and will expire on June 6, 2030. All stock option grants will be governed by the Company's Stock Option Plan which was approved by the shareholders of the Company at its last annual meeting of shareholders held on June 26, 2024. In addition, the Board of Directors has also approved the granting of 1,750,000 restricted share units ("RSUs") and 650,000 deferred share units ("DSUs") to certain directors, officers and consultants of the Company. Each of the RSUs and DSUs will vest equally over two years, with the first vesting date occurring June 6, 2026. Upon vesting, each RSU and DSU represents the right to receive one common share in the capital of the Company in accordance with the Company's Equity Incentive Plan, which was last approved by the shareholders of the Company at its annual meeting of shareholders held on September 28, 2022. ABOUT EMPRESS ROYALTY CORP. Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. ON BEHALF OF EMPRESS ROYALTY CORP. Per: Alexandra Woodyer Sherron, CEO and President For further information, please visit our website at or contact us by email at info@ or by phone at +1.604.331.2080. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate" ,"continue", "believe", "plans", "anticipate" or similar terms. Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents under its profile at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves. SOURCE: Empress Royalty Corp. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
Pa. House passes cyber charter reform again; Senate lawmakers take another run at vouchers
Cyber charter school reform tops education agenda as budget negotiations take shape. Legislation to reform Pennsylvania's quarter-century-old cyber charter school law and return to taxpayers hundreds of millions in excessive tuition payments passed in the state House on Wednesday with bipartisan support. The bill now heads to the state Senate where a favorable vote would ratify one of Gov. Josh Shapiro's budget priorities by capping cyber charter tuition at $8,000 per student next year. It would also establish a statewide formula for special education tuition. That would save school districts an estimated $616 million a year according to a House analysis of the bill's fiscal impact. The upper chamber, however, is moving forward with bipartisan legislation that would allow parents in poorly performing school districts to spend tax dollars on private school tuition. That's the solution Republicans prefer — and that Shapiro, a Democrat, has previously endorsed — to give students an alternative to traditional public schools. As lawmakers in Harrisburg buckled down this week for the month-long push to negotiate the state budget by the June 30 deadline, education funding, as always, will be a subject of prolific debate. The General Assembly must decide how much to spend on the second installment of a $4.5 billion multi-year commitment to fair education funding. That's in response to a state court ruling that said students in less wealthy communities have suffered a disadvantage for decades because of the state's reliance on property taxes to pay for education. Layered on that is the debate over whether and how much taxpayers should spend to provide educational alternatives for students in poorly performing schools or for whom the traditional public school setting is not working. 'It is not a conversation any longer about Ds versus Rs or conservatives, moderates or progressives. It's not a conversation any longer about who has and who hasn't,' state Sen. Anthony Williams (D-Philadelphia) said last month. 'This is simply the divide in America that says we're all in the same boat, and if we don't educate our children … we are in big trouble.' SUPPORT: YOU MAKE OUR WORK POSSIBLE Shapiro's proposed $51.5 billion spending plan calls for $1.5 billion more for education including $526 million in fair funding. But in his budget address, Shapiro said controlling how much cyber charter schools are paid by students' home school districts would maximize the impact of education funding increases. Sponsored by Rep. MaryLouise Isaacson (D-Philadelphia), House Bill 1500 would amend the charter school law that was first passed in 1997 and amended in 2002 to allow cyber charter schools. It passed with a 104-98 vote, including the support of Republican Reps. Thomas Mehaffie of Dauphin County and Kathleen Tomlinson of Bucks County. In response to the House vote on cyber charter reform Wednesday, the CEOs of five public cyber charter schools said the reduction in funding would be debilitating. 'Every member of the PA House Democratic Caucus voted today in support of the largest proposed cut to public education in nearly 15 years — a cut that would further disenfranchise some of our Commonwealth's most vulnerable children,' the leaders of Esperanza Cyber Charter School, Reach Cyber Charter School, PA Virtual Charter School, PA Cyber Charter School, PA Distance Learning Charter School said. Marcus Hite, executive director of the Pennsylvania Association of Public Cyber Charter Schools, described the tuition cap as 'arbitrary and unrealistic.' He added that it does not take into account the real costs of educating students, particularly those with disabilities and unique learning needs. 'This bill is not about fairness or accountability—it's about eliminating school choice for thousands of families,' Hite said. 'H.B. 1500 is rooted in the dangerous belief that if we just throw more money at failing school districts and take options away from families, everything will magically improve. That's not how education works, and it's not what families want.' Shapiro made news in 2022 as a candidate for governor by saying he supported private school tuition vouchers. Such programs have been a goal of conservative lawmakers across the country and one is outlined in President Donald Trump's 'Big Beautiful Bill' that the U.S. House passed last month. It includes $5 billion for a national school voucher program. Shapiro proposed a $100 million scholarship fund 2023 that passed the Republican-controlled Senate, but it was shot down by House Democrats. He endorsed the proposal again in his 2024 budget proposal, and although rapper Jay-Z joined in support of the program, it wasn't in the final budget. Shapiro hasn't said one way or the other if he still backs the idea, but it wasn't part of this year's proposal. Pennsylvania already has two programs that allow individuals and businesses to contribute to private school scholarship programs in lieu of state personal income and corporate net income, and other taxes. The programs provided $340 million such tax credits in 2022-2023, according to watchdog group Education Voters PA. The group has criticized the program, claiming it funds schools that are free to discriminate on the basis of religion, disability and LGBTQ status in their admissions policies. Senate Bill 10 nonetheless resurrects the Pennsylvania Award for Student Success (PASS) scholarship proposal from 2023. It would allow parents of students in the bottom 5% lowest performing school districts to apply for scholarships ranging from $2,500 for half-day kindergarten to $10,000 for high school students each year. The bill passed the Senate Education Committee 8-3 last month to be considered by the full Senate. Isaacson said her bill, which also passed the House last session, is the result of 'repeated and urgent calls' to update the law that remained unchanged as the number of cyber charter schools grew and enrollment swelled to 65,000. 'This proposal is about fiscal responsibilities and aligning tuition to the actual cost of providing cyber education,' she said. Republicans who opposed it said it denied a voice for families that choose cyber charters. 'It will close real schools, displace real students, strip families of the very choices that they depend on to give their children a chance at success,' Rep. Martina White (R-Philadelphia) said. School districts must pay tuition for each student who chooses to attend a cyber charter school instead of their local public school. For regular education students, it's based on the district's per-pupil spending minus costs that don't exist for cyber students, such as transportation and facilities. For special education students, the tuition is calculated based on the district's overall special education spending divided by 16%, the presumed proportion of students requiring special ed service. Critics say that formula is flawed because it underestimates the number of special education students and skews tuition toward the cost of services for students with the most intensive needs. And students with individualized education plans are 27% more likely to attend cyber charter schools, according to the Pennsylvania School Boards Association. Education watchdog groups say that results in a windfall for cyber charter organizations because the tuition they get has little relation to the actual cost of providing an online education. It also opens the door to waste and abuse, according to Education Voters PA, which catalogued spending by the state's largest cyber charter, Commonwealth Charter Academy (CCA), that included a posh social club membership and the purchase of a luxury SUV. Republican Auditor General Timothy DeFoor released a report in February during House and Senate budget hearings that examined the finances of five cyber charters and found they had amassed excessive budget surpluses. The five charters' fund balances grew 144% from 2020 to 2023, when they held a combined $619 million in unencumbered funds. DeFoor's report also highlighted 'uncommon' spending practices such as purchasing gift cards, paying bonuses to teachers and the acquisition of 21 physical properties by the state's largest cyber school. House Education Committee Chairperson Peter Schweyer (D-Lehigh) listed claims from those reports as reasons to reign in payments to cyber charter schools. Majority Leader Matt Bradford (D-Montgomery) called it a 'damning indictment' of the institutions. 'We would all get in trouble if we were taking gift cards as part of our compensation … that's a pro tip for anybody who's in the room, don't do that,' House Education Committee Chairperson Peter Schweyer (D-Lehigh) said. In addition to capping tuition, HB 1500 would establish the Cyber Charter School Funding and Policy Council to recommend changes in how cyber charter schools are funded and how they operate. Isaacson's bill would also require cyber charters to return money to the state, if its general fund surplus is more than half of what it spent in the previous year or its capital fund surplus is more than 20% of what it spent in the previous year. That money would be available through the Commonwealth Financing Authority for public school building improvements, with 25% earmarked for the Solar for Schools program that lawmakers and Shapiro created last year. 'We've all heard stories about asbestos, mold. We had a school district that had a high school that was completely flooded out. It would be great to be able to reinvest those dollars in the children and the teachers that we see each and every day in our actual physical public school buildings,' Schweyer said. Cyber charter schools have also drawn scrutiny for poor student proficiency rates. Schweyer noted only 4.7% of CCA students scored proficient in math on state assessments. 'If any of your public schools had a 95% failure rate for math proficiency, would you be satisfied?' he asked. 'Better question, would we be getting what we're paying for?' HB 1500 would limit increases in enrollment for cyber charters that face 'significant challenges related to academic achievement, student growth, graduation rate and other areas.' And it would place a moratorium on new cyber charter applications through 2030. Republican Leader Jesse Topper (R-Bedford) argued passing the bill would amount to eliminating lifelines for students who are unable to thrive in traditional public schools. 'Outcomes and statistics can be tricky,' Topper, who shared that his parents chose to homeschool him when the noise and disorder of public school proved to be too much. 'Many of the students who are falling through the cracks and who are attending these cyber charter schools are doing so because they are struggling,' he said, adding that success for some might be simply earning a high school diploma. The COVID-19 pandemic showed the value of cyber schools to the point that most school districts have added their own cyber programs, Topper noted. 'We need to continue to talk about how we can do better in all aspects of public education, including funding, including formulas,' Topper said. 'But the toxic nature of this conversation must end, and we must look at ways to move forward together as an entire system.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
