Today, shares of Ador Fontech Ltd, Advanced Enzyme Technologies Ltd, Craftsman Automation Ltd, Nicco Parks & Resorts Ltd, Titan Intech Ltd, and Vardhman Polytex Ltd will be in focus as the stock market opens. These companies have announced interim dividends, final dividends, bonus issues, and stock splits for their eligible shareholders.
Dividend Announcements:
- Ador Fontech: Declared an interim dividend of ₹6.00 per equity share. The Board of Directors of Ador Welding Limited approved the interim dividend of ₹6 per equity share (300% on the nominal value of ₹2 per share) with a record date of May 17, 2024.
- Advanced Enzyme Technologies: Announced an interim dividend of ₹4.00 per equity share. The Board of Directors declared an interim dividend at 200%, i.e., ₹4 per equity share on the face value of ₹2 each for the financial year 2024-25.
- Craftsman Automation: Declared a final dividend of ₹11.25 per equity share. The Board of Directors approved and recommended this final dividend (225% on the face value of ₹5 per share) for the financial year ended March 31, 2024, subject to shareholders’ approval at the 38th Annual General Meeting.
- Nicco Parks & Resorts: Announced an interim dividend of ₹0.50 per equity share. The Board of Directors declared the fourth interim dividend at 50% (₹0.50 per share) on the face value of ₹1 per share for the financial year ended March 31, 2024. The dividend is expected to be paid to shareholders by June 1, 2024.
Shares of these companies will trade ex-dividend today.
Bonus Issue:
- Titan Intech: Declared a bonus issue in the ratio of 3:5. The Board of Directors approved issuing 3 bonus shares for every 5 equity shares held by shareholders on the record date. This bonus issue is subject to shareholders’ approval and applicable statutory and regulatory approvals.
Shares of Titan Intech will trade ex-bonus today.
Stock Split:
- Vardhman Polytex: Announced a stock split from ₹10 per equity share to ₹1 each. The Board of Directors fixed May 18, 2024, as the record date for the purpose of splitting equity shares from ₹10 each fully paid-up into 10 equity shares of ₹1 each fully paid-up.
Shares of Vardhman Polytex will trade ex-split today.
