Titagarh Rail Systems announces Rs 2 per share dividend alongwith Q4 earnings

Titagarh Rail Systems' board of directors on Wednesday, May 15, recommended a final dividend of Rs 2 per equity share for FY24, according to a stock market disclosure. This is subject to the company's shareholders' approval.

"Recommendation of a dividend of 40% (i.e. Re. 0.80) per equity share of Rs. 2/- each for the financial year 2023-2024. The dividend as recommended by the Board is subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company, the date of which will be intimated in due course," the company said in a BSE filing.

Titagarh Rail Systems has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement. 

Meanwhile, shares of Titagarh Rail Systems closed at Rs 1,111.4 each, up 2.06 per cent on BSE today, May 15.