Vinati Organics has informed that the Board of Directors of the Company at its meeting held on Friday, May 19, 2023, have recommended payment of a Final Dividend of Rs 7 (700%) per equity share of the face value Re 1 each, for the Financial Year 2022-23, subject to the approval of shareholders at the ensuing Annual General Meeting of the Company and shall be paid after deduction of tax at the applicable rates. Pursuant to the provisions of the Income Tax Act, 1961 as amended from time to time, the final dividend for the financial year 2022-23 to be paid or distributed by the Company in the financial year 2023-24 shall be taxable in the hands of the shareholders. In this regard, it has enclosed an e-mail communication that has been sent to all the shareholders having their e-mail ID registered with the Company/Depositories elaborating the process to be followed along with the necessary Annexures. The said communication is also available on the website of the Company at www.vinatiorganics.com.
