Ion Exchange (India) Limited announced that Board of Directors at their meeting held on 26 May, 2023 had recommended a Dividend of INR 12.50 (125%) per Equity Share of face value of INR 10 each for the financial year 2022-23. However, effective 12 June, 2023 (record date), 1 Equity share of the face value of INR 10 per share has been sub-divided into 10 Equity shares of face value of INR 1 per share. Therefore, the rate of dividend is adjusted according to INR 1.25 (125%) per Equity shares of Face value of INR 1 each.