Saraswati Saree Depot has committed about ₹11.88 crore to an interim dividend for the financial year 2026–27. The board declared ₹3 per equity share at its September 24 meeting and fixed September 30, 2026 as the record date.
The announcement is relevant ahead of the eligibility deadline, but it is not a fresh declaration made on September 28. The primary notice identifies both NSE symbol SSDL and BSE code 544230.
The cash amount behind the headline
The board-meeting outcome gives an aggregate distribution of ₹11,87,99,400. Dividing that amount by the declared ₹3 per share implies 3,95,99,800 shares for the stated payout calculation.
An eligible investor with 100 shares would have a gross dividend entitlement of ₹300. This is an arithmetic illustration, not a prediction of total investment return or the amount remaining after tax.
Thirty percent is not the market yield
The filing expresses the dividend as 30% because ₹3 equals 30% of the ₹10 face value. Dividend yield is a different calculation, using the market price paid for a share. Confusing those two percentages would substantially misrepresent the announcement.
The separate record-date notice identifies September 30 for entitlement. That should not be described as a confirmed date on which the cash will arrive in shareholders’ bank accounts.
What to assess after the announcement
This is a board-declared interim distribution. Its relevance extends beyond the next eligible holding date: readers assessing the company’s finances should compare cash returned to shareholders with operating cash generation and business funding needs in subsequent disclosures.
CapKet has not inferred a price target or a guaranteed gain from the payout. The next practical checks are the company’s payment communication and actual credit. Consult the exchange or broker for transaction eligibility; this report does not recommend a trade.