Dividend Alert: Rs 15 Payout, Record Date On Feb 21 – Last Chance To Buy?

Nirlon Ltd. is diversified into the production of industrial rubber belting goods, such as V-Belts and conveyor belts. On March 12, 1958, the multi-product firm Nirlon Limited was established. Today is the final day for investors to purchase the shares in order to be eligible for the dividend distribution, as the record date for the Rs 15 dividend draw, which is planned for February 21st, draws closer.

Nirlon Dividend

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held on Thursday, February 13, 2025, have, interalia, considered and approved the interim dividend of Rs.15.00 per equity share of Rs.10.00 each (@150%) for the F.Y. 2024-25, subject to deduction of tax at source, which will be made after Friday, February 28, 2025, to the Members as under: i. To all Beneficial Owners in respect of shares held in Dematerialized Form as per the data as may be made available by National Security Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the close of business hours on Friday, February 21, 2025 ; ii. To all Members in respect of shares held in Physical Form . after giving effect to valid transmission and/or transposition requests lodged with the Company as on the close of business hours on Friday, February 21, 2025," Nirlon said in a stock exchange filing.

Nirlon Financials

Nirlon's net profit climbed 11.88% to Rs 58.30 crore in the December 2024 quarter from Rs 52.11 crore in the December 2023 quarter. Compared to Rs 152.09 crore in Q3FY24, sales increased by 6.08% to Rs 161.34 crore in Q3FY25.

Nirlon Share Price Target

"Nirlon stock price is sideways to bearish on the Daily charts with strong support at 517. A Daily close below support of 502 could lead to a target of 475 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.