Dividend stock: Share India declares 20% interim dividend after setting record date

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Dividend stock: After declaring record date for first interim dividend on 2nd August 2023, Share India Securities has declared ₹2 per share interim dividend (20 per cent of ₹10 per share face value) for its eligible shareholders for the financial year 2023-24. The board of directors of the brokerage firm considered and approved first interim dividend while discussing its Q1 results 2023 on Wednesday.

Share India Securities informed about the interim dividend to the Indian stock market bourses citing, "In its board meeting held on July25th, 2023 has approved the unaudited Financial Results of the Company for the First Quarter ended on 30 June 2023.The board further approved declaration of the 1st interim dividend of Rs. 2 per share for FY 23-24." In one of its earlier exchange communication, Share India has already informed about the record date for this first interim dividend payment citing, “Pursuant to Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, July 25, 2023, inter alia, to: 1] Consider and approve, the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2023.