Industrial & Prudential Investment Company Limited recommended a dividend of INR 60 (subject to deduction of tax at source) that is 600% per equity share to the shareholders of the company for fiscal Year 2022-2023. The dividend reviewed and recommended audit committee and subsequently approved by the Board of Directors of the company is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company scheduled to be held on 24 August 2023. The board had fixed 17 August 2023 as the record date for determining entitlement of members to pay dividend and approved the closure of the register of members and Share transfer books of the company from 18 August 2023 to 24 August 2023 (both days inclusive) for taking record of the members of the company for the purpose of payment of dividend.

The proposed dividend as recommended by the board of directors, if approved at the upcoming AGM, the payment of such dividend, subject to deduction of tax at source, shall be made on or after 4 September 2023.