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Asian Paints Announces Board Meeting for Interim Dividend Amid Share Price Drop
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CNBC TV18•07-10-2026, 10:01
Asian Paints Announces Board Meeting for Interim Dividend Amid Share Price Drop
- •Asian Paints shares declined on Wednesday despite the announcement that its board will meet on October 29 to consider an interim dividend for the financial year.
- •The proposed record date for the interim dividend is set for Wednesday, November 4, if the dividend is officially declared by the board.
- •The company has a strong historical track record of issuing interim dividends consistently every year since 2007, with its highest interim payout recorded in November 2023.
- •Retail investors, mutual funds, and life insurance companies hold significant stakes in the company, with LIC holding an 8.11 percent share as of the June quarter.
Key Questions Answered
Asian Paints announced that its board of directors is scheduled to meet on Thursday, October 29, 2026, to consider financial results for the second quarter and first half of FY27, along with an interim dividend for the fiscal.
If declared by the board, the record date for the FY27 interim dividend is set for Wednesday, November 4, 2026.
Asian Paints previously issued its highest-ever interim dividend of ₹5.15 per share in November 2023.
