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Small Cap Commodities Stock Fixes Record For Rs 5/Share Dividend, Stock Up 28.30% In 1 Month
Small-cap Commodities company Tamil Nadu Newsprint & Papers Ltd. has fixed Monday, Sept 18, 2023, as the record date for a dividend of Rs 5 per share.
The recommended dividend is subject to approval by the shareholders of the company at the 43rd AGM which is scheduled to to happen on Monday, Sept 25, 2023.
According to the exchange filing the Board of Directors of the Company, "Further to our letter dated 30th June, 2023, we hereby wish to inform the revised dates of Book Closure, Cut off and E-voting dates, the earlier letter dated 30th June, 2023 may be ignored and this letter may be treated as the final and taken on record."
"the Members of the Company will be held on Monday, the 25th September, 2023 at 12.00 Noon through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM")," the Board said in the filing.
The Board added, "the Register of Members and Share Transfer Books shall remain closed as per details provided in the table below for the purpose of Annual General Meeting scheduled to be held on 25th September, 2023 and payment of dividend @ Rs. 5/- per equity share upon being declared thereat:"
| Security Code (BSE) | 531426 | |
|---|---|---|
| Security Symbol (NSE) | TNPL | |
| Type of Security and Paid up value | Equity Shares of Rs. 10/- each fully paid up | |
| Book closure date for share transfer | Tuesday, 19" September, 2023 to Monday, 25" September, 2023 (both days inclusive) | To process any share transfer received and for the purpose of AGM and payment of dividend. |
| Cut off date for members holding shares either in physical form or in demat form. | Monday, 18" September, 2023 | For identifying the members who are eligible to have voting rights and payment of dividend. |
| Remote E-Voting | Wednesday, 20" September, 2023 to Sunday, 24th September, 2023 (both days inclusive) | For members holding shares either in physical form or in demat form on the cutoff date 18% September, 2023 to cast their vote by remote E-Voting. |
Meanwhile, shares of Tamil Nadu Newspoint & Papers on Monday closed 0.99% higher at Rs 265.20 per share on the BSE.
The stock surges 7.67% in 1 week, and 28.30% in 1 month, respectively. It surged 0.84% in 1 year. In 3 years, it gave 110.56% positive return. However, it declined 12.78% in 5 years.
Its 52-week high is Rs 283.45 and 52-week low is Rs 200.05 on BSE. The market cap of the stock is Rs 1,835.47 Crore.
Disclaimer- The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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