Indian Metals & Ferro Alloys Limited is a small-cap company dealing in the metal and mining industry with a market cap of 1,268.73 Crore On the other hand, Supreme Petrochem Limited is a mid-cap company with a market cap of . Is 6,496.36 crore and the company deals in the chemical sector. The boards of directors of these two separate companies met today and changed the record date for interim dividend, which potential buyers should be aware of.
Indian Metals and Ferro Alloys
For the financial year ending March 31, 2023, the Corporation has declared an interim dividend of INR 5 per equity share of Rs 10/-. Earlier set for Wednesday, November 2, 2022, the record date for determining the list of shareholders who would be eligible to receive the above interim dividend, has been changed to November 4, 2022.
The Company in a stock exchange filing today said that “Further to our letter dated 27 October 2022 intimating the record date under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that The Board of Directors, in compliance with Regulation 42(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, revised the record date for interim dividend purposes to November 4, 2022 instead of November 2, 2022. Dividend will be paid on or before Saturday, 26 November 2022.
Shares of Indian Metals and Ferro Alloys off today 235.60 each, down 1.75% from the previous close 239.80. In trading today the stock recorded a total volume of 147,403 shares compared to the 20-day average volume of 50,896 shares. On a YTD basis, the stock has fallen 46.96% so far in 2022.
Supreme Petrochem Ltd.
The Company in a stock exchange filing today said that “with reference to our intimation dated 27/10/2022 to the Stock Exchanges concerned on the record date for the purpose of payment of interim dividend declared by the Company on 27/10/2022 @100% meaning. 4/- per share, we would like to inform you that, in consultation with the Board, the record date for the purpose of payment of interim dividend has been revised from November 04, 2022 to November 09, 2022, as notified earlier. Therefore, the shareholders of the Company shall be eligible for payment of the aforesaid interim dividend declared by the Company on 27/10/2022 at the close of business on Wednesday, the 09th November, 2022.”
Shares of Supreme Petrochem Ltd. off today 688.00 each, down 3.38% from previous close 712.05. In trading today the stock recorded a total volume of 142,315 shares compared to the 20-day average volume of 37,133 shares. On a YTD basis, the stock has fallen 3.11% so far in 2022.
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