Company declares interim cash dividend to reward shareholders

The board of directors of the company has announced an interim cash dividend of Rs2 per share, equivalent to 20% for the quarter ending on March 31, 2024. This dividend is in addition to the interim dividend of Rs4.1 per share, which was 41%, that had already been paid out to the shareholders.

This move by the board reflects the company's commitment to rewarding its shareholders and sharing its profits. By declaring this interim cash dividend, the company aims to provide its investors with a return on their investment and maintain their confidence in the company's financial stability.

Investors and analysts are likely to view this decision positively, as it indicates the company's strong financial performance and its ability to generate consistent profits. The announcement of the interim cash dividend is expected to have a positive impact on the company's stock price and attract more investors looking for stable returns.