Narmada Gelatines dividend record date, Narmada Gelatines Ltd Dividend 2022: Narmada Gelatines Limited has announced that it will pay a dividend to its shareholders. Narmada Gelatines is a small capitalization company that operates in the specialized chemistry sector. It is a pioneer in the production of ossein and gelatin.
The company has declared that it will pay a whopping 1000 percent special dividend to its investors. According to an exchange filing by Narmada Gelatines, this would be a special dividend that the company would pay to its investors.
According to Narmada Gelatines’ BSE filing, the 1000 percent special dividend translates into Rs 100 per share. The face value of each share of Narmada Gelatines is Rs.10. If a person holds 100 shares of Narmada Gelatines, the company would give him a dividend of Rs.10,000.
“… the Board of Directors, in its meeting held on 7th December 2022, has declared a special interim dividend of Rs. 100/- per equity share (i.e. 1000%) of the face value of 10 each, fully paid up, for the financial year 2022-23,” the company said in a filing on BSE.
Narmada Gelatines dividend record date 2022
Narmada Gelatines will pay the said dividend to the investors holding the shares in their Demat account on the record date.
Narmada Gelatines has set the record date to determine the eligibility of shareholders to receive the dividend amount. According to the filing, Narmada Gelatines’ 2022 dividend record date is December 15.
“The RECORD DATE set for the purposes of the special interim dividend is Thursday, December 15, 2022,” the company said.
Narmada Gelatines dividend payment date
Narmada Gelatines said the dividend of Rs 100 per equity share will be paid to eligible shareholders of the company within 30 days from the date of declaration. In accordance with the provisions of Regulation 42 of the SEBI Regulations (Listing Obligations and Information Requirements) of 2015.
The share price of Narmada Gelatines Ltd BSE
Meanwhile, shares of Narmada Gelatines on Tuesday, December 13, closed in the upper 5 percent circuit at Rs 481.10. This was the fifth consecutive session when the stock reached the upper circuit. The company is listed on the BSE.
Narmada Gelatines has delivered a multi-pack return of around 120 percent in the last month. Shares are up nearly 70 percent in the past 5 sessions.
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