KEI Industries Limited Approves Interim Dividend for the Financial Year 2023-24
March 11, 2024 at 07:38 am EDT
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KEI Industries Limited at its board meeting held on March 11, 2024 approved Declaration of Interim Dividend of INR 3.50/- (i.e. @ 175%) per Equity Share of face value of INR 2.00/- each for the Financial Year 2023-24. Further as per Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for the purpose of determining of the Equity Shareholders entitled to receive the interim dividend for the financial year 2023-24, has been fixed as the 19th day of March, 2024, which has been already intimated to Stock Exchange(s) vide letter dated 01st day of March, 2024 and to Shareholders through Newspaper Publication dated 02nd day of March, 2024.
KEI Industries Limited is an India-based manufacturer of wires and cables. The Company's segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement and Construction (EPC) Projects. Cables and Wires segment is engaged in the manufacturing, sale and marketing of all range of power cables, such as low tension (LT), high tension (HT) and extra high voltage (EHV), control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. Stainless Steel Wire segment comprises manufacturing, sale and job work related to stainless steel wires. EPC Projects segment comprises of design, engineering, supply, erection, testing and commissioning of high voltage and extra high voltage underground cabling projects from 33 kV to 400 kilovolt (KV), substations (AIS & GIS) on turnkey basis up to 400 KV and conversion of overhead line to underground line for complete town including HT and LT distribution system, among others.