New Delhi : Investors tracking dividend-paying stocks have an important development to watch as Industrial & Prudential Investment Company Limited has recommended a substantial final dividend of ₹120 per equity share for the financial year 2025-26.
With each equity share carrying a face value of ₹10, the recommended dividend translates into a 1,200% dividend.
₹120 Dividend Recommended
The company had disclosed in a stock exchange filing dated May 22, 2026, that its Board of Directors had recommended a final dividend of ₹120 per equity share for FY 2025-26.
However, the dividend is subject to approval by shareholders at the company’s Annual General Meeting (AGM). If approved, the dividend is proposed to be paid from the company’s profits for FY 2025-26.
The payment is expected to be made on or after August 21, 2026, subject to shareholder approval and completion of applicable statutory requirements.
Record Date Fixed for August 12
The company has fixed August 12, 2026, as the record date for determining shareholders eligible to receive the proposed final dividend.
Shareholders whose names appear in the company’s records as of the relevant record date, subject to applicable rules, will be eligible for the dividend if it is approved.
110th AGM on August 20
The company’s 110th Annual General Meeting is scheduled for August 20, 2026, at 11:30 a.m.
The AGM will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in accordance with applicable guidelines issued by the Ministry of Corporate Affairs (MCA) and SEBI.
The proposed ₹120 dividend will become payable only after shareholders approve the resolution at the AGM.
Stock Performance
The company’s shares witnessed some weakness during Friday’s trading session.
The stock closed at ₹6,410, down 1.35% from its previous closing price of ₹6,498.
During the session, the stock touched an intraday high of ₹6,498 and a low of ₹6,275.
The company’s market capitalization was around ₹1,074.21 crore, according to the figures cited in the report.
Dividend at a Glance
| Particulars | Details |
|---|---|
| Company | Industrial & Prudential Investment Company Ltd. |
| Face Value | ₹10 per share |
| Recommended Dividend | ₹120 per share |
| Dividend Rate | 1,200% |
| Record Date | August 12, 2026 |
| AGM Date | August 20, 2026 |
| Expected Payment | August 21, 2026 or thereafter |
| Dividend Year | FY 2025-26 |
| Previous Closing Price | ₹6,498 |
| Friday Closing Price | ₹6,410 |
Important: The ₹120 dividend is only a recommendation at this stage. Shareholders must approve the proposal at the AGM before the company can proceed with the payment.
