Dividend 2024: Standard Capital announces interim dividend - Check latest update regarding record date

Interim Dividend for FY24: The board of directors of Standard Capital Markets Ltd has announced an interim dividend of 1 per cent on the face value of Rs 1 each per equity share for the financial year 2023-24.

"Declaration of special dividend as an interim dividend of 1% or ₹.01 on the face value of ₹1/- each per equity share for the financial year 2023-24," the company said in an exchange filing. 

The company has now informed exchanges that May 13 is the record date for the purpose of determining the eligibility of the candidate instead of earlier informed May 10.

"Record date for the purpose of determining the entitlement of shareholders for payment of interim dividend is May 13 2024 instead of May 10, 2024," the company informed exchanges.

Earlier, the NBFC had split the face value of its shares from Rs 10 to Rs 1 in 2023. After the stock split, the company also approved bonus issues in a 2:1 ratio.

Meanwhile, the company has stated that it has acquired a new company and made it a wholly-owned subsidiary. According to the information available on the BSE, the board of directors of the NBFC approved the acquisition of a 100 per cent stake in KRV Brooms Private Limited.

As per the exchange filing, the company will acquire 10,000 equity shares at Rs 10 per share each aggregating to a 100 per cent stake in KRV Brooms Private Limited. "By virtue of this acquisition KRV Brooms Private Limited will become a 100 per cent wholly owned subsidiary of Standard Capital Markets Limited," it added.