Gujarat Toolroom Limited has announced its plan to distribute dividends ranging from Rs 42 to Rs 50 per share for the current financial year, which represents 100 to 150 per cent of the current share price.
“Due to the company’s strong financial performance and prudent financial management, we are pleased to propose a dividend payout to our valued shareholders. The proposed dividend is expected to be in the range of 100 to 165 per cent,” stated the company in an exchange filing.
Gujarat Toolroom stated that the decision to declare dividends will showcase the company’s financial stability.
The company mentioned that its board of directors will convene on April 8 to discuss the dividend amount.
“We are happy to announce that a meeting of the Board of Directors of Gujarat Toolroom Limited is set to take place on 8th April, 2024, to discuss various matters, including the declaration of dividend for the current financial year,” as per the filing.
