Orient Electric Limited recommends final dividend of Rs. 0.75

The board of directors of Orient Electric Limited has recommended a final dividend of Re.0.75(@75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2024, which is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The Final dividend shall be paid to the shareholders within 30 days from the date of AGM post approval by the shareholders. The Company had declared and paid an interim dividend of Rs. 0.75 (75%) per equity share during the previous quarter of financial year 2023-24, thereby making a total dividend of Rs. 1.50 (150 %) per equity share of Re. 1/- each for the financial year 2023-24. Date of the AGM along with Record Date / Book Closure shall be announced in due course.

Shares of Orient Electric Limited was last trading in BSE at Rs. 229.85 as compared to the previous close of Rs. 221.60. The total number of shares traded during the day was 31493 in over 888 trades.

The stock hit an intraday high of Rs. 231.20 and intraday low of 220.85. The net turnover during the day was Rs. 7171450.00.

Source : Equity Bulls

Keywords

OrientElectric INE142Z01019 FinalDividend FY2024