Leo Dryfruits & Spices Trading’s proposed ₹0.50-a-share final dividend has an important condition still outstanding: shareholders must declare it at the company’s seventh annual general meeting, scheduled for September 29, 2026.
The BSE-listed company has selected that same date to determine entitlement for the financial year ended March 31, 2026. Its September 17 notice explicitly links the payout to member approval; CapKet is therefore reporting a proposed dividend, not an unconditional payment.
The decision and eligibility fall on the same day
The company’s record-date filing schedules the AGM for 11:00 a.m. on September 29 through video conferencing or other audio-visual means. If approved, entitlement will be determined from the member and beneficial-owner records at the close of business that day.
The dividend recommendation appears in the FY2026 annual report. The proposed amount is ₹0.50 on each ₹10-face-value equity share. An eligible 100-share holding would therefore correspond to ₹50 gross, before any applicable deduction.
What the date does not promise
The record date is not the bank-credit date. Nor does a proposed distribution mean that buying the stock is a low-risk way to earn the stated amount: share prices can move, trading costs apply, and entitlement depends on the exchange’s ex-date and settlement process.
The broker dividend calendar lists September 29 as the ex-date. Readers should verify this with their broker or exchange before relying on eligibility.
The next filing to read
The AGM voting result will resolve the approval condition. A later payment announcement or actual bank credit will establish execution. Until then, the useful news is the approaching decision and eligibility deadline, rather than a claim that cash has already been distributed. This article is general information, not an investment recommendation.