19-05-2025
Zydus Wellness board recommends Rs 6 final dividend, approves 1:5 stock split and AGM on July 30
By News Desk Published on May 19, 2025, 12:50 IST
Zydus Wellness Limited announced a series of corporate actions following its board meeting held today. The company has recommended a final dividend of ₹6 per share (60%) for FY25, subject to shareholder approval at its upcoming Annual General Meeting (AGM) scheduled for July 30, 2025.
The record date for determining eligibility for the dividend has been set as July 11, 2025, and the dividend, if approved, will be paid on or after August 4, 2025.
Additionally, the board has approved a stock split in a 1:5 ratio, wherein each fully paid equity share of face value ₹10 will be split into five fully paid equity shares of face value ₹2. This move aims to improve share affordability and enhance retail investor participation. The record date for the stock split will be announced post-shareholder approval at the AGM.
The board also approved the appointment of Hitesh Buch & Associates as secretarial auditors for a five-year term (FY26–FY30) and the reappointment of Mukesh M. Shah & Company as statutory auditors for a second term of five years, until the conclusion of the 36th AGM.
The company's AGM will be held via video conferencing on July 30, 2025 at 10:00 AM IST.
Zydus Wellness stated that these resolutions are subject to shareholder approvals at the AGM.
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