Laxmi Organic Industries Ltd Declares Final Dividend of Rs 0.5

Laxmi Organic Industries Ltd Declares Rs 0.5 Final Dividend (2021)

The Board of Directors of Laxmi Organic Industries Ltd (LXCHEM) at its meeting held on 25 May 2021, has declared Final Dividend of Rs 0.5 per equity share. The Meeting of the Board of Directors commenced at 6.00 P.M. and concluded at 8.45 P.M.

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Laxmi Organic Industries Ltd Q4 Result

The company has reported Quarterly Net Profit at Rs. 36.34 crore in March 2021 up 261.95% from Rs. 10.04 crore in March 2020. EPS has increased to Rs. 1.56 in March 2021 from Rs. 0.46 in March 2020. Further, net Sales at Rs 519.52 crore in March 2021 up 34.41% from Rs. 386.51 crore in March 2020.

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Laxmi Organic Industries Ltd Dividend Record Date

The company in its letter has informed the exchanges that it has fixed 15 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Thursday, i.e. 15 July 2021.

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.

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

We wish to inform you that the Board of Directors (“the Board”) of Laxmi Organic Industries Limited (“the Company”) at its meeting held today has recommended final dividend of ₹ 0.50/- per share of the face value of ₹2/- each (i.e. 25% of the face value).

Important Dates

  • Company – Laxmi Organic Industries Ltd
  • Script Name – LXCHEM (NSE) and 543277 (BSE)
  • Dividend Amount – 0.5 Rs Per Share
  • Dividend Type – Final
  • Ex-Dividend Date – 14 July 2021
  • Record Date – 15 July 2021
  • Payment Date – 25 August 2021

Also, you can find more information about Laxmi Organic Industries Ltd on National Stock Exchange and Moneycontrol – Laxmi Organic Industries Ltd is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. The Company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.

 

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