Huge Dividend of Rs. 50 Coming Next Week: What Chart Patterns Suggests About This NBFC Stock?

For the fiscal year that ended on March 31, 2025, Bengal & Assam Company Limited (BACL), a Non-Banking Financial Company (NBFC), has set a record date for the payment of dividend. At their meeting on May 29, 2025, the Board of Directors proposed a 500% dividend for the 2024-2025 fiscal year. The Reserve Bank of India has registered Bengal & Assam Company Limited (BACL), an Indian public limited company, as a Core Investment Company (CIC-ND-SI). As a Non-Banking Financial Company (NBFC), its main activity is to hold investments in other group firms, mostly within the JK Group. This includes holding sizable stakes in companies such as JK Tyre and JK Lakshmi Cement.

Bengal & Assam Company Dividend Record Date

"The Board of Directors at its Meeting held on 29th May, 2025 has recommended Dividend of Rs. 50/- per Equity Share of Rs. 10/- each (500%), for the Financial Year 2024-25. If approved at the AGM, the said Dividend subject to deduction of tax at source, will be paid within three to four weeks from the date of AGM to the Members whose names are borne on the Company's Register of Members as on the Record Date i.e. 22nd September, 2025 or to their mandates. In respect of shares held in dematerialized form, dividend subject to deduction of tax at source will be paid on the basis of details of beneficial ownership to be received from the Depositories for this purpose," said the company in a statement.

"In respect of shares held in dematerialized form, the dividend will be paid to all the beneficial owners of the Company, as at the end of the day on 22nd September, 2025 as per list of the beneficial owners to be received from the Depositories for this purpose," confirmed Bengal & Assam Company in a regulatory filing.

Bengal & Assam Target Price

"The stock remains in a firm uptrend, holding strong above ₹8,800 support. Momentum indicators signal sustained strength, and buying interest is visible on every dip. A breakout above ₹9,200 could accelerate the move towards ₹9,500. Volume action remains encouraging, reflecting investor confidence. Any decline near support levels should be viewed as an accumulation opportunity, keeping the medium-term bias positive," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.