Galaxy Surfactants Ltd. has announced Friday, August 01, 2025, as the record date for its final dividend for the financial year 2024-25. This dividend, if approved by shareholders, will be disbursed following the company's 39th Annual General Meeting (AGM) scheduled for Tuesday, August 12, 2025.
| Particulars | Details |
|---|---|
| Record Date | August 01, 2025 |
| AGM Date (for approval) | August 12, 2025 |
| Dividend per share | To be approved at AGM |
| Payment Date | To be announced post-AGM approval |
Dividend Details
The announcement by Galaxy Surfactants Ltd. specifies the crucial date for shareholders to be eligible for the final dividend for the fiscal year 2024-25. The record date, set for August 01, 2025, is a pivotal date for investors. Only those shareholders whose names appear in the company's register of members or in the records of the depositories as beneficial owners at the close of business on this specific date will be entitled to receive the final dividend, provided it receives the necessary approval. This mechanism ensures clarity and fairness in the distribution of dividends.
Approval Process and Timeline
It is important for investors to note that the final dividend is contingent upon approval by the shareholders at the upcoming 39th Annual General Meeting. The AGM is slated for Tuesday, August 12, 2025. At this meeting, the Board of Directors' recommendation for the final dividend amount will be put to a vote. If the resolution for the dividend is passed by the shareholders, the company will then proceed with the payment. The exact dividend amount per share and the specific payment date will be determined and announced subsequent to the AGM's approval. This process aligns with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, which governs such corporate actions.
Shareholder Information
Shareholders of Galaxy Surfactants Ltd. are advised to ensure their shareholding status is updated by the record date of August 01, 2025, to be eligible for the potential dividend. The company has also made this information available on its official website, www.galaxysurfactants.com, in the announcement section, providing an additional channel for shareholders to access relevant updates. This transparency is crucial for maintaining investor confidence and ensuring timely dissemination of corporate decisions.
Company Overview
Galaxy Surfactants operates in the specialty chemicals sector. The company's communication address is Rupa Solitaire, Ground Floor, Unit no. 8, 12A and 14 Millennium Business Park, Mahape, Navi Mumbai, 400 710, with its registered office at C-49/2, TTC Industrial Area, Pawne, Navi Mumbai-400 703. The company's commitment to informing its stakeholders is evident through its prompt intimation to both the National Stock Exchange of India Limited and BSE Limited regarding this significant corporate event.
Market Impact
The announcement of a record date for a final dividend typically signals the company's intention to distribute profits to its shareholders, reflecting a stable financial position. However, the specific market impact of this announcement for Galaxy Surfactants will largely depend on the dividend amount that is eventually recommended by the board and approved by the shareholders at the AGM. Without a declared dividend per share, the immediate financial implications for investors, such as dividend yield calculations, cannot be precisely determined. Investors will likely await the outcome of the AGM on August 12, 2025, for further clarity on the dividend payout.
