Eicher Motors declares ‘Record Date' for ₹70/share dividend issue. Details here
This will mark the final dividend payment of the 2024-25 fiscal year and will be subject to the approval of shareholders at the company's upcoming annual general meeting.
'The company has fixed Friday, 1 August 2025 as the Record Date for determining the eligibility of the shareholders for payment of dividend for the financial year 2024-25, subject to approval of dividend by the members at the aforesaid Annual General Meeting (AGM),' the company informed BSE in an exchange filing.
According to Mint's earlier report, Eicher Motors declared a ₹ 70 per share dividend with a face value of Re 1 apiece, along with its January to March quarter results in May 2025.
This means that every eligible shareholder will receive a dividend payment of ₹ 70 for every share they own in the publicly listed company. The investors who are buying into the stock now will likely become eligible for the dividend issue up to the day before the scheduled 'Record Date' specified by the firm.
'The Board of Directors recommended a final dividend of Rs. 70/- per equity share of face value of Re. 1 each for the financial year ended March 31, 2025, subject to the approval of the shareholders at the ensuing 43rd Annual General Meeting. The dividend shall be paid/dispatched within 30 days from the date of shareholders' approval,' the company said in its Q4 results announcement on 14 May 2025.
(This is a developing story. Please check back for updates.)
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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