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Steel-ing the Show: Panchmahal Rewards Investors with ₹3 Dividend!

Updated: May 23, 2025 16:18

Image Source: Mint
Panchmahal Steel Ltd has declared a final dividend suggestion of ₹3 per equity share for the year ended March 31, 2025. The step demonstrates the company's consistent practice of thanking its shareholders and expresses optimism in its financial performance.
 
Dividend Announcement
  • The Board of Directors has proposed a final dividend of ₹3 per equity share for FY 2024-25.
  • The dividend is to be approved by the shareholders at the forthcoming Annual General Meeting (AGM).
Financial Context and Performance
  • The recommendation of the dividend comes after the board meeting convened to approve the quarter and year ended March 31, 2025, audited financial results.
  • The company has a history of consistent dividend payments, with past final dividends including ₹4 per share in FY 2021-22.
Shareholder Impact
  • Shareholders eligible for it shall be paid the dividend once approved at the AGM; dates for record and payment shall be notified later.
  • The dividend payment is a reflection of Panchmahal Steel's sound financial health and its commitment to giving back the profits to investors.
Market Reaction
Panchmahal Steel Ltd's stock price as of May 20, 2025, was ₹155.00, with a market capitalization of ₹300.48 crore.
 
The company has seen volatility in the last twelve months, but the dividend news could give a good sentiment among investors.
 
Sources that are relevant: Moneycontrol, INDmoney, BlinkX, Economic Times

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