Escorts Ltd Declares Final Dividend of Rs 5

The Board of Directors of Escorts Ltd (ESCORTS) at its meeting held on 14 May 2021, has declared Final Dividend of Rs 5 per equity share. It has also declared a special dividend of Rs 2.5 per equity share. The Board Meeting held today commenced at 12:02 P.M. and concluded at 2:34 P.M.

Escorts Ltd Q4 Result

The company reported a standalone net profit of ₹271.3 crore for the quarter ended 31 March 2021, up by 93.2% as against ₹140.4 crore in the corresponding quarter last year. For the quarter ended March 2021, revenue from operations to ₹2,210.5 crore, was up by 60.1% as against ₹ 1,380.7 crore in the quarter ended March 2020.

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Escorts Ltd Dividend Record Date

The company in its letter has informed the exchanges that it has fixed 5 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as beneficial owners as at the end of the business hours on July 16, 2021 in the list of beneficial owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited.

Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.

Above all, here is the copy of statement, the company has sent to the exchanges:

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board in its meeting held today i.e. May 14, 2021 has recommended – (A) Normal Final Dividend @ 50% per share of Face Value of Rs. 10/- each (i.e. Rs. 5.00 per share) & (B) Additional Special one-time Platinum Jubilee (75th Year) Dividend @ 25% per share of Face Value of Rs. 10/- each (i.e. Rs. 2.50 per share).

Important Dates

• Company – Escorts Ltd
• Script Name – ESCORTS (NSE) and 500495 (BSE)
• Dividend Amount – 5 + 2.5 Rs Per Share
• Dividend Type – Final + Special
• Ex-Dividend Date – 15 July 2021
• Record Date – 16 July 2021
• Payment Date – 26 August 2021

Also, you can find more information about Escorts Ltd on National Stock Exchange and Moneycontrol – Escorts Ltd is a leading material handling and construction equipment manufacturer. The company manufactures and markets a diverse range of equipment like cranes, loaders, vibratory rollers and forklifts.