Dividend Announcement
Nahar Spinning Mills (BSE: NAHARSPING) has announced a dividend recommendation of Re 1 per equity share for the financial year ended 31 March 2026. The payout was approved by the company's board of directors during their meeting held on 28 May 2026.
The dividend applies to the company's equity shares with a face value of Rs 5 each. However, the dividend remains subject to approval from shareholders at the company's upcoming Annual General Meeting.
Key Details of the Dividend
- Dividend per share: Re 1
- Face value per share: Rs 5
- Financial year: FY 2026 (ended 31 March 2026)
- Board meeting date: 28 May 2026
- Status: Subject to shareholder approval at AGM
What This Means for Shareholders
If approved by shareholders at the Annual General Meeting, investors holding shares of Nahar Spinning Mills as on the record date will be eligible to receive the dividend. Shareholders are advised to monitor official announcements from the company regarding the record date and AGM scheduling.
The Re 1 per share dividend represents a 20% yield based on the face value of Rs 5 per share. However, the actual yield for investors will depend on the prevailing market price of the stock at the time of the record date.
About Nahar Spinning Mills
Nahar Spinning Mills Limited operates in the textile and spinning sector. The company is listed on the Bombay Stock Exchange (BSE) and trades under the symbol NAHARSPING. The textile industry has faced various challenges in recent quarters due to fluctuating raw material costs and export demand dynamics.
Next Steps for Investors
Investors should stay tuned for further announcements from Nahar Spinning Mills regarding the Annual General Meeting date, record date for dividend eligibility, and the actual payment timeline. These details will be disclosed through BSE filings and the company's official communication channels.
This article is for informational purposes only and does not constitute financial advice. Investors are advised to exercise their own discretion and consult a SEBI-registered investment advisor before making any investment decisions.