What is Indusfilas dividend policy?
Dividends, other than interim dividends, will be declared at the annual general meeting of the shareholders based on the recommendation of the Board of Directors. The Board may, at its discretion, recommend dividends to be paid to Companys shareholders. Generally, the factors that may be considered by the Board of Directors before making any recommendations for the dividend include, without limitation, Companys future expansion plans and capital requirements, profits earned during the fiscal year, cost of raising funds from alternate sources, liquidity position, applicable taxes including tax on dividend, as well as exemptions under tax laws available to various categories of investors from time to time and general market conditions. The Board of Directors may also from time to time pay interim dividends to Companys shareholders, as appears to be justified by the profits of the Company. All dividend payments are made in cash to the shareholders of our Company.
