Tata Consumer Products has fixed its record date for determining entitlement of members to receive the dividend if declared at the 61st AGM.
Tata Consumer Products Dividend Stock: Tata Consumer Products Limited (TCPL) has notified the exchanges about the record date for payment dividend on equity shares for the financial year 2023-24 and payment date. Earlier, the Tata Group firm announced a final dividend of 7.75 per equity share of the face value of Re 1 for its shareholders along with its March quarter results. The dividend is subject to approval at the 61st Annual General Meeting (AGM) scheduled to be held on Thursday, June 13.
TCPL Dividend Record Date:
Tata Consumer Products has fixed Friday, May 24, 2024, as the record date for determining entitlement of members to receive the dividend if declared at the 61st AGM.
Tata Consumer Products’s regulatory filing dated May 13 said,” In continuation to the letter dated April 23, 2024, we hereby inform that the 61st Annual General Meeting (‘61st AGM’) of the Company is scheduled to be held on Thursday, June 13, 2024, through virtual mode.”
Tata Consumer Products Payment Date
According to Tata Consumer Products’s regulatory, the payment of such dividend shall be subject to deduction of tax at source, as applicable and will be made on and from Monday, June 17, 2024.
Tata Consumer Dividend History
Tata Consumer Products has announced an equity dividend amounting to Rs 8.45 per share in the past 12 months.
Tata Consumer Products Q4 Results
Tata Consumer Products reported a 26.69 per cent decline in consolidated net profit to Rs 212.26 crore in the fourth quarter ended March 31, 2024, impacted by exceptional items related to costs of amalgamation, acquisitions, asset write-downs and fair value loss on financial instruments.
Consolidated revenue from operations in the quarter under review was at Rs 3,926.94 crore as against Rs 3,618.73 crore.