The Board of Directors of Indoco Remedies Limited (INDOCO) at its meeting held on May 25, 2021, has declared Final Dividend of Rs 1.5 per equity share. The Board Meeting commenced at 11.15 am and concluded at 12.00 Noon.
Indoco Remedies Limited Quarterly Result
The company’s revenue grew by 12.0 % at Rs 294.8 cr during the fourth quarter of FY21, as against Rs 263.2 cr, same quarter last year. For the quarter, the Profit After Tax rose 361.3% to at Rs 24.9 cr, compared to Rs 5.4 cr in the same quarter last year.
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Indoco Remedies Limited Dividend Record Date
The company in its letter has informed the exchanges that it has fixed (—) as the Record date. In addition, the declared dividend will be paid on (—).
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:
We take reference to our letter dated 03-05-2021 on the above subject and wish to inform that Board of Directors at its meeting held today (25-05-2021), has recommended dividend of Rs. 1.50/- per share (75%) on face value of Rs. 2/- each for the financial year 2020-2021, subject to the Members approval at the AGM.
Important Dates
- Company – Indoco Remedies Limited
- Script Name – INDOCO (NSE) and 532612 (BSE)
- Dividend Amount – 1.5 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – NA
- Record Date – NA
- Payment Date – NA
Also, you can find more information about Indoco Remedies Limited on National Stock Exchange and Moneycontrol – Indoco Remedies Limited is engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). It has a presence in the therapeutic segments including anti-infective, anti-cold preparation, opthalmic, anti-spasmodic, stomatology, anti-inflammatory and anti-fungal.
