Tata Motors Q4 Results 2024: Company Announces Dividend - Know Amount And Other Details
tata motors q4 results 2024: company announces dividend – know amount and other details
Tata Motors announced on Friday a substantial consolidated net profit of Rs 17,529 crore for the quarter ending March 31, 2024. This marks 46 per cent surge compared to the net profit of Rs 12,033 crore reported by the company in the corresponding period last year.
The Board of Directors of the company has announced that the 79th Annual General Meeting (AGM) will take place on Monday, June 24, 2024. During their meeting held recently, they recommended the declaration of a final dividend.
The dividend proposed is Rs 6.00 per Ordinary Share of Rs 2 each, comprising a normal dividend of Rs 3.00 and a special dividend of Rs 3.00.
As per the company’s filing on the NSE, “The Board of Directors has fixed Monday, June 24, 2024 as the date of the 79th Annual General Meeting
(“AGM”) of the Company We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of ₹6.00 per Ordinary Share of ₹2 each (@ 300%) (₹3.00 normal dividend and ₹3.00 special dividend) and ₹ 6.20 per ‘A’ Ordinary Share of ₹2 each (@ 310%) (₹3.10 normal dividend and ₹3.10 special dividend) for the financial year ended March 31, 2024. The dividend, if declared at the AGM, shall be paid to the eligible shareholders on or before June 28, 2024.”