Vidhi Specialty Food Ingredients Declares First Interim Dividend for FY 2024-25

Vidhi Specialty Food Ingredients Limited announced key decisions from its Board Meeting held on August 08, 2024, including the approval of the first interim dividend for the financial year 2024-25 and the scheduling of the 31st Annual General Meeting (AGM).

Key Outcomes from the Board Meeting

Approval of Financial Results for Q1 2024-25

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2024. These results were reviewed in compliance with regulation 33 of the SEBI Listing Obligations and Disclosure Requirements, 2015.

• Financial Highlights:
  • Approved both standalone and consolidated financial statements.
  • Considered the Limited Review Report for Q1.

Declaration of First Interim Dividend

The Board has declared a first interim dividend of ₹1/- per equity share for the financial year 2024-25. This dividend reflects a 100% payout on the face value of ₹1/- per equity share.

• Dividend Details:
  • Amount: ₹1/- per equity share
  • Record Date: August 17, 2024
  • Payment Date: To be determined after approval at the AGM.

Scheduling of the 31st Annual General Meeting

The Board approved the Notice for the 31st AGM, which is scheduled to be held on Tuesday, September 24, 2024. This meeting will be conducted through Audio Visual Means, allowing shareholders to participate remotely.

• AGM Details:
  • Date: September 24, 2024
  • Time: To be specified in the AGM Notice
  • Mode: Audio Visual Means (Virtual)

Corporate Governance Report

In addition to the financial results and AGM scheduling, the Board also approved the Corporate Governance Report for the financial year 2023-24. This report will be presented during the upcoming AGM, along with the Board's Report and other annexures.