Minda Corp declares record date for 45% final dividend in FY25. Details here
Minda Corporation Limited announced the Record Date for Payment of Final Dividend for the Year 2024-25. In its intimation to the National Exchange of India and the BSE or the Bombay Stock Exchange or BSE, Minda Corp intimated that its Board of Directors have fixed Thursday, August 14, 2025, as the "Record Date for Dividend Payout for identifying the list of shareholders that will be eligible to receive the final dividend.
Record date implies that the shareholders who wish to reap the benefits of Dividend announcements by the company and want to receive dividend need to buy the Minda Corp shares one day prior to the record date in order to see their names appear in the list of eligible share holders to receive dividends as per T+1 Settlement procedure.
Minda Corporation in its release said that the Board of Directors of the company has fixed Thursday, August 14, 2025, as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for the payment of final dividend for the year 2024-25
Mindia Corporation in its intimation on the exchanges on Thursday 29 May 2025 said that it would like to notify the exchanges that the Final Divided was discussed and approved by the company's board of directors during their meeting held on Tuesday, May 27, 2025: The Minda Corp Board of Directors approved and recommended Final dividend for 239,079,428 equity shares of Rs. 2/- (Rupees Two) each, at 45% (considering the face value of shares), or Rs. 0.90/-per equity share.
Minda Corp share price that had dipped to closing lows of ₹ 468.55 on the BSE on 9 May 2025 with volatility in the Indian Stock Market, however have been rebounding well. The Minda Corp share price is trading close to ₹ 528 levels now.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
5 minutes ago
- New Indian Express
One-fifth of private TN polytechnic colleges opt out of admissions
CHENNAI: As many as 80 — or one-fifth — of the 401 private polytechnic colleges in Tamil Nadu have opted out of the admission process this academic year. The unprecedented development has brought to light the issues ailing polytechnic education — at private institutions in particular — where colleges and seats are aplenty, but takers few. According to officials of the Directorate of Technical Education (DoTE), of these 80 colleges, 35 have applied for permanent closure in the last two years, while the remaining have chosen not to admit students this year. 'Some of these colleges have failed to enrol students even in single-digit figures in the last three years. Hence, we have not asked them to join admissions,' said an official. Experts attribute the declining enrolment to the rising interest among students in engineering courses and the high fees charged by private polytechnic colleges. 'When a student can study a course in a government college for just Rs 2,500 a year, why would they want to spend Rs 30,000 in a private college,' said the principal of a private college in Coimbatore. P Selvaraj, secretary of the Consortium of Self-financing Professional, Arts and Science Colleges in TN, said private polytechnic colleges are struggling to fill even half their seats and operational costs are taking a toll on their survival.
Hans India
5 minutes ago
- Hans India
TCS to lay off over 12,000 employees amid tech shift
Bengaluru/Mumbai: Tata Consultancy Services (TCS), India's largest IT services firm, is set to shrink its workforce by about 2 per cent, a move that will affect over 12,000 employees, mostly at the middle and senior levels, over the next year. The decision, according to the sources, is aimed at making the company "future-ready and agile" in the face of rapidly evolving technologies and workplace models, as per the reports. TCS, which had a total headcount of 6.13 lakh employees as of June 2025, will implement the layoffs across various domains and geographies. Most of those impacted are expected to be at the middle and senior levels. Reports suggest that the decision is not being driven by cost-cutting or automation, but rather due to challenges in redeploying talent whose current roles no longer align with the company's evolving skill requirements. The company is focusing on large-scale deployment of artificial intelligence (AI) and other new technologies, which are reshaping demand across the IT sector. Although TCS clarified that AI is not directly replacing jobs, analysts believe that roles like manual testing are shrinking, and some senior professionals are struggling to adapt to newer, tech-driven environments. To support affected employees, the company is offering severance packages, extended insurance, notice period pay, and help with finding alternative job opportunities, according to the reports. The news comes shortly after TCS announced a net profit of Rs 12,760 crore for Q1 FY26 -- reflecting a year-on-year growth of 6 per cent. Revenue from operations rose 1.3 per cent to Rs 63,437 crore during the April-June quarter. The company also declared an interim dividend of Rs 11 per share. CEO K Krithivasan attributed the company's steady performance to strong deal closures and growing demand for new services, even as global macroeconomic and geopolitical uncertainties continue to impact client spending. He also highlighted the company's ongoing investments in the AI ecosystem, including infrastructure, data platforms, and business applications. TCS now has over 1.14 lakh employees trained in advanced AI skills, and during the quarter alone, associates spent 15 million hours upgrading themselves in emerging technologies.
Time of India
5 minutes ago
- Time of India
TCS to lay off over 12,000 employees this year; mid, senior level staff to be impacted
New Delhi: India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2%, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 6,13,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter. The move is part of the company's broader strategy to become a "future-ready organisation", focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement. "TCS is on a journey to become a Future-Ready organisation. This includes strategic initiatives on multiple fronts, including investing in new-tech areas, entering new markets, deploying AI at scale for our clients and ourselves, deepening our partnerships, creating next-gen infrastructure, and realigning our workforce model. "Towards this, a number of reskilling and redeployment initiatives have been underway. As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2% of our global workforce, primarily in the middle and the senior grades, over the course of the year," it said. TCS will provide appropriate benefits, outplacement, counselling, and support to the impacted employees, it added The move comes at a time when India's top IT services companies have delivered single-digit revenue growth in Q1FY26, capping off a somewhat-sobering June quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making. For TCS, the revenue rose 1.3% year-on-year to Rs 63,437 crore, bottomline improved 5.9% to Rs 12,760 crore in Q1FY26. TCS MD and Chief Executive K Krithivasan recently said the company is experiencing a "demand contraction" due to the continued uncertainties on the macroeconomic and geopolitical fronts, and added that he does not see a double-digit revenue growth in FY26. Krithivasan explained the delays in decision-making experienced in the preceding quarter have "intensified" now, and hoped for the discretionary spends - a prime mover of revenue growths for IT companies - would return once the uncertainties ebb. Microsoft, the second most valuable publicly listed company after Nvidia globally, has so far laid off over 15,000 employees in 2025, that is 7% of the company's global workforce. In a memo to over 200,000 employees last week, Microsoft CEO Satya Nadella said the layoffs this year have been "weighing heavily" on him. "This is the enigma of success in an industry that has no franchise value," he said in the memo to staff. He added: "Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding. But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before." According to - a platform that tracks global tech industry layoffs - over 80,000 tech workers have been laid off across 169 tech companies in 2025 alone. In 2024, that number stood at a staggering 1.5 lakh across 551 tech companies - the stark numbers coinciding as much with global macroeconomic woes as with deep debate in tech circles about the impact of AI on job roles, workforce, and employability.
