The Board of Directors of Torrent Pharmaceuticals Limited (TORNTPHARM) held its meeting on Tuesday, i.e., 18 May 2021. It has declared Final Dividend of Rs 15 per equity share for the financial year 2020-21. The Board meeting commenced at 02:00 pm and concluded at 03:30 pm.
Torrent Pharmaceuticals Ltd Q4 Result
The company reported a 3.18 per cent rise in its consolidated net profit to Rs 324 crore for the quarter ended March 31, 2021. The company had posted a net profit of ₹314 crore for the corresponding period of the previous fiscal. Further, the consolidated revenue from operations of the company stood at ₹1,937 crore for the quarter under consideration. It was Rs 1,946 crore for the same period a year ago.
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Torrent Pharmaceuticals Ltd Dividend Record Date
The company in its letter informed the exchanges that it has fixed 18 June 2021 as the Record date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on 18 June 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, 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.
Moreover, here is the copy of statement, the company has sent to the exchanges:
We would like to inform that the Board has at its meeting held today has recommended to the members a final dividend of Rs. 15/- (300%) per equity share of Rs. 5 each. The final dividend amount, if declared by the Shareholders, are proposed to be paid / dispatched on or around 30th July, 2021.
Important Dates
- Company – Torrent Pharmaceuticals Ltd
- Script Name – TORNTPHARM (NSE) and 500420 (BSE)
- Dividend Amount – 15 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 17 June 2021
- Record Date – 18 June 2021
- Payment Date – 30th July, 2021
Also, you can find more information about Torrent Pharmaceuticals Ltd on National Stock Exchange and Moneycontrol – Torrent Pharma is active in the therapeutic areas of Cardiovascular (CV), central nervous system (CNS), gastro-intestinal, diabetology, anti-infective and pain management segments.
