Stovec Industries Ltd., a prominent small-cap firm specializing in textile machinery and consumables, has announced a significant dividend payout for its shareholders. The company's Board has recommended a dividend of Rs 12 per equity share, representing a 120% payout on its face value of Rs 10 per share, for the financial year concluded on December 31, 2025.
Key Dates for Stovec Industries Dividend
Shareholders looking to be eligible for this dividend should note the crucial dates. The Board has officially set April 30, 2026, as the record date for determining the eligible members. The proposed dividend is contingent upon approval from shareholders at the upcoming 52nd Annual General Meeting (AGM).
The AGM is scheduled to take place on Thursday, May 7, 2026, at 02:30 p.m. The meeting will be conducted virtually via video conferencing or other audio-visual means, in compliance with recent regulatory guidelines.
Stovec Industries' Dividend Payout History
Stovec Industries has consistently demonstrated a commitment to rewarding its shareholders through regular dividend distributions. In recent years, the company has maintained a noteworthy track record:
- May 2024: Declared an interim dividend of Rs 115 per share.
- April 2024: Issued a final dividend of Rs 17 per share.
- August 2023: Distributed a special dividend of Rs 157 per share.
- May 2023: Paid a final dividend of Rs 47 per share.
Recent Stock Performance
On Monday's trading session, Stovec Industries shares experienced an uptick, trading 1.73 per cent higher at Rs 1,829.80. Despite this recent gain, the stock has seen a decline of 14.83 per cent over the past six months, reflecting broader market dynamics or specific company-related factors.