The board of directors of Nelcast Limited at its meeting held on 13 May 2024, recommended a dividend of 20% i.e., INR 0.40 per share of INR 2 paid-up for the financial year 2023-24 subject To Approve the shareholders at the upcoming 42nd AGM. The dividend, if approved by the members, will be paid within 30 days from the date of declaration at the upcoming Annual General Meeting.