The Board of Directors of India Nippon Electricals Ltd (INDNIPPON) at its meeting held on March 26, 2021, has declared Interim Dividend of Rs 6 per equity share. The Board Meeting commenced at 10:30 hrs and concluded at
17:10 hrs.
India Nippon Electricals Ltd Quarterly Result
Net Sales at Rs 152.61 crore in Dec 2020 up 31.16% from Rs. 116.35 crore in Dec 2019. Quarterly Net Profit at Rs. 17.76 crore in Dec 2020 up 111.43% from Rs. 8.40 crore in Dec 2019. Further, India Nippon EPS has increased to Rs. 7.85 in Dec 2020 from Rs. 3.71 in Dec 2019.
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India Nippon Electricals Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 8 April 2021 as the Record Date. In addition, the declared dividend will be within the due date.
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:
Please refer to our letter dated 10th March, 2021 regarding intimation of the date of Board meeting for considering Interim Dividend for the year 2020-21 we furnish below the following particulars: Board has declared Interim Dividend of Rs.6.00 (Rupees six only).
Important Dates
- Company – India Nippon Electricals Ltd
- Script Name – INDNIPPON (NSE) and 532240 (BSE)
- Dividend Amount – 6 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 8 April 2021
- Record Date – 9 April 2021
- Payment Date – Not Available
Also, you can find more information about India Nippon Electricals Ltd on Bombay Stock Exchange and Moneycontrol – India Nippon Electricals with its head quarters located in Chennai, India manufactures Electronic Ignition Systems for two-wheelers, three wheelers and portable engines.
