Dividend Declared KPIT Technologies
In a notable move for investors and market watchers, KPIT Technologies Ltd, a prominent player in the BSE 500 index, has made headlines by declaring its highest-ever final dividend—a 60% payout for FY 2024–25.
Dividend Declared: ₹6 Per Share
In its board meeting held on April 28, KPIT Technologies announced a final dividend of ₹6 per equity share of ₹10 face value—translating to a 60% dividend. This significant payout reflects the company’s strong financial performance and its continued focus on enhancing shareholder value.
“Recommendation of Final Dividend at ₹6 per equity share of ₹10 each (i.e. 60%) for FY 2024-25,” the company stated in its exchange filing.
While this dividend declaration is subject to shareholder approval at the upcoming Annual General Meeting (AGM), it stands as KPIT’s highest-ever dividend payout, reinforcing its commitment to rewarding investors.
Key Updates: KPIT Technologies Dividend Declared & Merger Announcement
| 🔑 Key Point | 📌 Details |
|---|---|
| 🏢 Company Name | KPIT Technologies Ltd |
| 📆 Announcement Date | April 28, 2025 |
| 💰 Dividend Declared | ₹6 per equity share (60% on face value of ₹10) |
| 📈 Dividend Type | Final Dividend (FY 2024–25) – Highest-ever declared by the company |
| 🗳️ Approval Needed | Subject to approval at upcoming Annual General Meeting (AGM) |
| 📅 Record Date | Not yet announced; to be declared in due course |
| 📤 Dividend Payment Timeline | Within statutory timelines as per Companies Act, 2013 |
| 🔄 Merger Proposal | Approved by the board – further details awaited |
Merger in the Works
Alongside the dividend announcement, KPIT Technologies’ board has also approved a merger proposal, although the company is yet to disclose further details publicly. This strategic step could be aimed at scaling operations, enhancing capabilities, or expanding market share in the IT and engineering solutions space.
Record Date & Payment Timeline
As of now, no record date has been specified for the dividend. However, KPIT has assured stakeholders that the dividend will be disbursed within the statutory timelines defined under the Companies Act, 2013.
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(Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.)
