The board of Vedant Fashions, famously known for its brand Manyavar, recommended a final dividend for FY24. The company said the dividend, of Rs 8.50 per equity share of the face value of Re 1 each, will be paid to eligible shareholders.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

"Recommendation of a dividend of ₹ 8.50/- (Indian Rupees Eight and Fifty Paise only) per fully paid-up equity share of ₹ 1/- each for the financial year ended  March 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting of the company," the company said in a BSE filing.

Simultaneously, the company has also posted its financial results for the fourth quarter ended on March 31, 2024. 

Meanwhile, shares of Vedant Fashions closed 0.46 per cent higher at Rs 953.95 apiece on BSE earlier in the day.

Get Latest Business NewsStock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.