Weizmann Recommends Dividend for Shareholders
Weizmann Limited, listed on the Bombay Stock Exchange under the ticker WEIZMANIND, has announced a dividend recommendation for its equity shareholders following a board meeting held on May 28, 2026. The company's board has proposed a dividend of 5%, equivalent to Rs. 0.50 per equity share with a face value of Rs. 10 each.
Dividend Recommendation Details
The board's recommendation translates to a payout of Rs. 0.50 for every equity share held by investors. This represents a 5% return on the face value of each share. The proposed dividend amount will be disbursed to all shareholders whose names appear in the company's register as of the record date, which will be announced separately ahead of the Annual General Meeting.
- Dividend per equity share: Rs. 0.50
- Dividend rate: 5%
- Face value per share: Rs. 10
- Board meeting date: May 28, 2026
- Status: Pending shareholder approval
AGM Approval Required
The dividend recommendation is conditional upon receiving clearance from shareholders at the company's forthcoming Annual General Meeting. Once the AGM date is finalized, eligible shareholders will have the opportunity to vote on this corporate action. The actual dividend payment will be processed only after shareholder approval is obtained at the AGM.
About Weizmann Limited
Weizmann Limited operates across multiple business segments including textiles, chemicals, and financial services. The company has maintained a consistent track record of rewarding its shareholders through periodic dividend distributions. Investors tracking WEIZMANIND on the BSE should stay informed about the upcoming AGM notification and associated timelines for the dividend entitlement.
The board's decision to recommend this dividend reflects the company's ongoing commitment to delivering shareholder value. Market participants interested in Weizmann's stock performance and corporate actions can monitor official BSE announcements for further updates regarding the AGM schedule and record date.
This article is for informational purposes only and should not be construed as financial or investment advice. Readers are advised to conduct their own research or consult a qualified financial advisor before making any investment decisions.