Elantas Beck India Ltd Dividend Date 2024

Elantas Beck India Ltd Dividend Date 2024 

Elantas has been consistent in sharing its dividend with its shareholders. For the past five years and even before it. The current year dividend date was announced on February 20, 2024; its Ex-date is April 30, 2024 after which the shares bought will not be considered for the profit dividend.

The book closure opening date and close date will determine who is eligible for the actual profit dividend and shareholding rights. Its price per share is 5 rupees, yielding a 9.59% dividend yield. 

BC: Book Closure 

ND: No Delivery 

What is a Dividend Date? 

The dividend date is the payment date or pay date, which is when the shareholders of the company will receive the dividend from the company. It normally starts after the ex-date. Another crucial date one needs to know is the record date, which determines the eligible people for dividend payments.

During the payment schedule, there might be slight changes in stock prices, which indicate how the company's profit sharing is taken by the markets, but if the price increases, then most people have more trust and reliability in that company, which is fundamental, and it is good to invest in that company. 

Elantas Beck India Ltd. Board of Directors Meeting 2024 

Elantas Beck India Ltd. has announced its Board of Directors meeting date for public notification to BSE on April 25th. In that regard, the company has said that it is holding a meeting on Tuesday, May 7, 2024, to discuss the unaudited financial reports for the quarter that ended on March 31st.

During the aforementioned schedule, the company securities for insider members will be closed from April 1st, and 48 hours after the end of the results are declared to the stock exchange. This was set up to prevent insider trading in stocks.

The last board of directors meeting was held on February 20th to discuss the standalone quarter reports for the financial year ended December 31, 2023, and a final dividend of Rs. 5 was decided and approved by the sixty-eighth Annual General Meeting members. 

Elantas Beck India

Elantas Beck India is part of a larger company called Atlanta, which is headquartered in Wesel, Germany. The company operates in wide geographic areas. Elantas Beck India's corporate office in Pune’s main area of business includes wire enamels, electrical, electronic, and construction chemicals.

The company has been operating for more than 60 years in India. In the area of construction chemicals, the company has earned a good name for itself and produces high-quality industrial flooring, protective coatings, waterproofing, and adhesives, among others.

The company's standalone net profit for December '23 was Rs. 173.83 crore, compared to the previous year's same quarter of December '22, which was Rs. 164.62 crore. As electrical and other construction chemical products are being used across various private and public projects, the company will have a good growth rate if it plays well.