Ashish Dhawan Portfolio Stock Sets Record Date For Dividend: Do You Own?

Equitas Small Finance Bank (SFB) is a mid cap company that recorded a market cap of Rs 9,694.91 Cr during Thursday's closing session. The Board of Directors of the bank have recommended a dividend of Re.1.00/- per equity share of Rs.10/- each for the financial year ended 31st March, 2023, subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM) of the Bank. In order to determine the eligibility of shareholders for the purpose of dividend, the bank has fixed record date.

By announcing the record date for the above said dividend, Equitas Small Finance Bank said in a stock exchange filing that "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 fixed Friday, July 28, 2023 as the Book closure and Record date for payment of Dividend. Post approval of Dividend by Shareholders in the AGM, dividend entitlement will be as follows: a. In respect of shares held in physical form, all those members whose names will appear in the Company's Register of Members as on close of July 28, 2023. b. In respect of shares held in dematerialised form, all those beneficial owners as per details furnished by the National Securities Depository Limited and the Central Depository Services (India) Limited as on close of July 28,2023."

The March quarter's net profit for Equitas Small Finance Bank grew by 58% to Rs 190 crore. In the quarter, net interest income (NII) climbed by 28% to Rs 706.9 crore. Total income for Q4FY23 stood at Rs 1,394.41 crore as against Rs 1,043.97 crore registered in Q4FY22.

On Thursday, the shares of Equitas Small Finance Bank closed on the BSE at Rs 87.22 apiece down by 0.80% from the previous close of Rs 87.92.

During Q4FY23, the bank reported promoters shareholding of 0%, FIIs stake of 22.69%, DIIs stake of 42.97%, and public stake of 34.33%. As per the shareholding pattern of Equitas Small Finance Bank for January to March 2023 quarter, ace investor Ashish Dhawan held fully paid up equity shares of 4,03,70,000 or 3.64% stake in the small finance bank.