Dividend, record date news 2022: Eligibility? What shareholders of this company should know about stock

Salasar Techno Engineering: Salasar Techno Engineering had announced a dividend 100 per cent of Re 1 per equity share for the face value of Re 1 each earlier in June 2022. The company had fixed the record date as September 18, 2022, Sunday, to determine the eligibility of the shareholders for the issuance of a given dividend. 

Investors, who will have the delivery of the shares in their demat account as of the record date will be considered eligible for the dividend. Investors who bought the shares on Thursday or earlier to that will be considered for the same.

Earlier this month, the company had raised Rs 81.30 crore qualified institutional placement (QIP) route to select foreign portfolio investors (FPIs).

Salasar Techno alloted 3 crore equity shares with a face value of Re 1 each for Rs 27.3 each to raise the given fund. The company's board of directors and fund raising committee has announced to allot the shares on September 6, as per a company statement.

Forbes EMF was allotted 1.35 crore equity shares or 45 per cent of the QIP sale, whereas Nomura Singapore received 1.25 crore equity shares or 42 per cent of the issue. Maybank Securities was allotted 24 lakh shares amounting to 8 per cent stake of the issue. The residual 15 lakh equity shares or 5 per cent stake was allotted to AG Dynamic Funds.

The company had clocked a net profit of Rs 7.35 crore for the revenue of Rs 209.35 crore in the quarter ended on June 30, 2022, which was in-line to the expectations.