The Board of Directors of Kansai Nerolac Paints Ltd held its meeting on 8 May 2023. It has declared Final Dividend of Rs 2.7 per equity share for the financial year 2022-23. The Board Meeting commenced at 12:50 p.m. and concluded at 6.35 p.m.
Kansai Nerolac Paints Ltd Q4FY22 Result
The company reported over five-fold growth in its consolidated net profit to Rs 96.24 crore for the fourth quarter ended March 2023. Its evenue from operations surged 12.81 per cent during the quarter under review to Rs 1,733.59 crore. It was Rs 1,536.60 crore in the corresponding period last fiscal.p>
Kansai Nerolac Paints Ltd CMP
The Current Market Price (CMP) or last traded price (LTP) of company was Rs 410.00 at the time of publishing this article. Its 52 weeks high was Rs 535.90 (on 03-Aug-2022) & 52 weeks low was Rs 358.15 (on 22-Jun-2022).
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Kansai Nerolac Paints Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 25 May 2023 as the Record date. Further, payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 25 May 2023.
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 2022.
Above all, here is the copy of statement, the company has sent to the exchanges:
This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, inter alia recommended a dividend of 270% (Rs. 2.70 per share) for the financial year ended 31st March, 2023 as compared to the dividend of 225% (Rs. 2.25 per share) paid for the financial year ended 31st March, 2022
Important Dates
- Company – Kansai Nerolac Paints Ltd
- Script Name – KANSAINER (NSE) and 500165 (BSE)
- Dividend Amount – 2.7 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 25 May 2023
- Record Date – 25 May 2023
- Payment Date – 30 June 2023
- Current Market Price – Rs 410.00
- 52 Weeks High – Rs 535.90
- 52 Weeks Low – Rs 358.15
Also, you can find more information about Kansai Nerolac Paints on National Stock Exchange and Moneycontrol – Kansai Nerolac Paints Limited is the largest industrial paint and third largest decorative paint company of India. As of 2015, it has the third largest market share with 15.4% in the Indian paint industry.
