Dividend Declarations: MPS, GACL, and Bharat Bijlee Reinforce Shareholder Commitment
Three Indian companies—MPS Limited, Gujarat Alkalies and Chemicals Limited (GACL), and Bharat Bijlee Limited—have released their dividend proposals for the financial year ending March 31, 2025. These announcements highlight their fiscal health and intent to reward shareholders.
MPS Limited
MPS Limited has proposed a final dividend of INR 50 per equity share with a face value of INR 10 for FY 2024-25. This comes in addition to an interim dividend of INR 33 per share, already distributed during the year. If the final dividend is approved at the upcoming Annual General Meeting (AGM), shareholders will receive a total of INR 83 per share for the year. The record date to determine eligible shareholders is Wednesday, August 13, 2025, and payment will be processed within 30 days after the AGM. Last year, MPS paid a final dividend of INR 45 per share for FY 2023-24.
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Gujarat Alkalies and Chemicals Limited (GACL)
GACL’s Board has proposed a dividend of INR 15.80 per equity share, equating to 158% of the share’s INR 10 face value. This recommendation will be voted on at the company’s upcoming AGM. Once approved, shareholders can expect the payout within 30 days of the AGM, with the exact payment date to be communicated later.
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Bharat Bijlee Limited
Bharat Bijlee has declared a proposed dividend of INR 35 per share, based on a face value of INR 5, which translates to 700% of face value. This announcement follows the stock split effective April 24, 2024, where each share of INR 10 was divided into two shares of INR 5. The dividend, pending shareholder approval at the 78th AGM, will be distributed within 30 days after the meeting.
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