The Board of Directors of Stovec Industries (STOVACQ) at its meeting held on February 26, 2021, has declared Dividend of Rs 22 per equity share. The Board Meeting commenced at 4:30 PM (IST) and concluded at 6:45 PM (IST).
Stovec Industries Quarterly Result
Net profit of Stovec Industries declined 16.99% to Rs 4.64 crore in the quarter ended December 2020 as against Rs 5.59 crore during the previous quarter ended December 2019. Sales declined 1.23% to Rs 49.96 crore in the quarter ended December 2020 as against Rs 50.58 crore during the previous quarter ended December 2019.
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Stovec Industries Ex-Dividend Date
The company in its letter has informed the exchanges that it has fixed 3 May 2021 as the Ex-Dividend. In addition, the declared dividend will be within 30 days.
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 are pleased to inform you that, the Board of Directors at their meeting held on today i.e. February 26, 2021 have, inter alia, recommended/approved dividend of Rs. 22 per equity share of Rs. 10/- each (i.e. 220 %) for the financial year ended December 31, 2020, subject to the approval of members in the forthcoming Annual General Meeting of the Company and the same will be paid to the eligible members on or before its due date.
Important Dates
- Company – Stovec Industries
- Script Name – STOVACQ (NSE) and 504959 (BSE)
- Dividend Amount – 22 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 3 May 2021
- Record Date – 4 May 2021
- Payment Date – Not Available
Also, you can find more information about Stovec Industries on Bombay Stock Exchange and Moneycontrol – Stovec Industries Ltd. is a subsidiary of SPG Prints, Netherlands which is a leading company in textile and graphics printing worldwide. Stovec Industries was established in 1970s. The company manufactures various machine + parts for the textile printing, graphic printing and sugar screens.
