Shares of Hazoor Multi Projects Ltd are expected to remain in focus on Monday after the company announced a final dividend for the financial year 2024-25.
In a regulatory filing, Hazoor Multi Projects said its board has recommended a final dividend of 20 percent on shares having a face value of Re 1 each. This translates into a payout of Re 0.20 per equity share.
"The board of directors have recommended a final dividend of Re 0.20 per equity share having face value of Re 1 (i.e. 20%) for the financial year 2024-25," the company said in its filing to the stock exchanges.
The proposed dividend is subject to approval by shareholders at the company's upcoming Annual General Meeting (AGM). The company also informed that, once approved, the dividend will be paid within the statutory timeline under the Companies Act, 2013.
However, the record date for dividend entitlement and the AGM date have not been announced yet. "The Company shall inform the Stock Exchange(s) in due course about the date of AGM for financial year ended March 31, 2025, record date / dates of book closure for purpose of entitlement of final dividend and date from which the final dividend will be paid, once approved by shareholders," the filing stated.
In November 2024, Hazoor Multi Projects had split the face value of its equity shares from Rs 10 to Re 1 in a 10:1 ratio.
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