Shares of Rallis India Ltd. will be of interest on Wednesday as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Rallis India's board announced a final dividend of Rs 2.50 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 5.
The dividend will be paid on and from June 25 to those shareholders whose names appear in the register of members of the company as on the record date. Given India's T+1 settlement cycle, shares purchased on the record date (June 5 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 4 will be the beneficiaries.
The total amount to be disbursed as dividend is around Rs 48.62 crore.
In comparison, the company had issued a final dividend of Rs 2.50 on June 3, 2024 and May 2023.
Rallis India Q4 Performance
The Tata Chemicals Ltd. subsidiary's net loss widened to Rs 32 crore in the March quarter, in comparison to a loss of Rs 21 crore in the year-ago period, as volume and margin pressure in the export market affected its performance.
The company's revenue from operations during the quarter under review was almost flat at Rs 430 crore compared to Rs 436 crore in the same quarter of the previous year. The company reported an Ebitda loss of Rs 20 crore, primarily due to a pricing pressure in the domestic crop care segment, the company said in an exchange filing.
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