Polycab India Limited, a leading electrical goods manufacturer, has announced a book closure period from Wednesday, July 10th, 2024, to Tuesday, July 16th, 2024. This closure is to determine the eligibility of shareholders for receiving the proposed dividend of ₹30 per equity share for the financial year 2023-24.
The company has fixed Tuesday, July 9th, 2024, as the record date for ascertaining the shareholders entitled to the dividend. The dividend, if approved at the upcoming 28th Annual General Meeting (AGM), will be paid to eligible shareholders after July 16th, 2024.
Polycab India's 28th AGM will be held on July 16th, 2024, at 9:00 a.m. IST through a video conference. This virtual format is in line with current regulations and ensures wider participation of shareholders from across the country.
Shareholders whose names appear as beneficial owners in the depository records as of the record date or as members in the register of members after processing valid transmission/transposition requests will be eligible to receive the dividend.
The company has urged shareholders to update their bank account details and other relevant information to ensure a smooth and timely dividend payment process.
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