GIC Re board recommends Rs 10 dividend for FY25; record date set for September 5
By News Desk Published on May 26, 2025, 20:21 IST
General Insurance Corporation of India (GIC Re) has announced a final dividend of ₹10 per equity share for the financial year ended March 31, 2025, which represents a 200% payout on the face value of ₹5. The dividend is subject to shareholder approval at the upcoming 53rd Annual General Meeting (AGM).
The dividend, once approved, will be paid within 30 days from the date of its declaration at the AGM.
The Board of Directors also fixed Friday, 5th September 2025, as the record date to determine eligible shareholders for the final dividend payout.
The board meeting commenced at 4:00 PM and concluded at 6:10 PM (IST). GIC Re also confirmed that the audit reports for its FY25 standalone and consolidated results were issued with an unmodified opinion by the joint statutory auditors.
Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions.
News desk at BusinessUpturn.com
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