Finolex Cables Limited Recommends Dividend for the Financial Year Ended 31 March, 2023, Payable on or Before 28th October, 2023
May 26, 2023 at 03:14 pm IST
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Finolex Cables Limited informed that the Board of Directors of the Company at its meeting held 26 May, 2023, recommended a dividend at 350% (that is at INR 7.00 per equity share of INR 2 each fully paid up) for the financial year ended 31 March, 2023, subject to approval of shareholders at upcoming Annual General Meeting of the Company. The record date for determining the entitlement for receiving Dividend for the Financial Year 2022-23, is September 22, 2023. The dividend, if declared at the AGM, will be subject to deduction of tax at source as applicable and will be paid on or before 28th October, 2023 to those Members whose names appear in the Register of Members as on the date of the AGM in respect of shares held in physical form and in respect of shares held in electronic form on the basis of beneficial ownership as per details to be received from respective Depositories that is National Securities Depository Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL") as of close of their respective business hours on 22nd September, 2023).
Finolex Cables Limited is an India-based total cable solutions provider. The Company is principally engaged in the manufacturing of electricals cables, communication cables and other electrical appliances. Its segments include Electrical cables, Communication cables, Copper rods and Others. The Others segment is engaged in the trading of electrical and other goods. Its product range includes PVC insulated industrial cables , FR-LSH PVC insulated industrial cables, PVC insulated single core and multicore flexible industrial cables, rodent repellent multicore flexible industrial cables, PVC insulated winding wires and 3 core flat cables, XLPE 3 core flat cables, power and control cables, high voltage power cables (Up to 33 kV), polyethylene insulated jelly filled telephone cables, co-axial and CATV cables, LAN cables, switchboard cables, fiber optic cables and solar cables. The Company also manufactures lighting products, electrical accessories, switchgear, fans and water heaters.