This Small Cap Indian Chemical Stock Declares A Dividend Of 275%. Check Details

Transpek Industry Ltd, one of the leading manufacturers of acrylic sheets has declared an interim dividend of 275%. This announcement was intimated through a securities exchange fling after the board meeting held on May 18, 2023.

Dividend Details of Transpek Industry Ltd
According to an exchange filing of Transpek Industry Ltd, the board of directors recommended and approved the dividend of Rs 27.5 (275%) per equity share on the face value of Rs 10 each which shall be subject to the approval of the shareholders at the ensuing Annual General Meeting of the company.

The dividend will be paid within 30 days of its declaration by the shareholders at the AGM, scheduled on 29th August 2023. No record date or book closure details were shared yet by the company.

Transpek Industry Ltd stock price performance
The stock price of Transpek Industry Ltd ended at Rs 1862.20 per share on Friday, it was marginally up by 0.92% on an intraday basis. Its 52-week high is at Rs 2,086 per share and its 52-week low is Rs 1,329.95 per share. In the last one year, the stock price moved up by 11.27%, in three years it has rallied by 9.42%.

About Transpek Industry Ltd
Transpek Industry Ltd was set up in 1956 that mainly manufactures acid and alkyl chlorides. These chemicals find application in a wide range of sectors such as polymers, pharma, agrochemicals, specialty chemicals, and dyes. The company has its headquarters in Vadodara, Gujarat and its current market capitalisation is Rs 1,040.14 crore.

Disclaimer
The stock gives details pertaining to the record date of the dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.