“…the meeting of the Board of Directors of the company was held as scheduled today i.e., March 15, 2025, and the Board inter-alia has considered, approved and declared Interim Dividend of ₹18/- per equity share having face value of Rs. 10/- each for the financial year 2024-25,” Galaxy Surfactants said in a regulatory filing.
The record date for determining shareholders eligible to receive the dividend has been set as March 20, 2025. The company stated that the interim dividend will be paid within 30 days from the date of declaration to shareholders whose names appear in the Register of Members as of the record date.
Also Read: Galaxy Surfactants cuts FY25 volume growth targets
“The record date for payment of this interim dividend is fixed as March 20, 2025. The interim dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the record date,” it said.
Last week, Galaxy Surfactants’ Executive Director and COO, Vaijanath Kulkarni said that fatty alcohol prices remain elevated, and the company is closely monitoring market trends following the recent Palm Oil Conference.
Fatty alcohols are essential raw materials used in detergents, lubricants, plastics, and cosmetics, with potential applications in the fuel industry.
“As discussed during the last conference, we have slightly moderated our numbers to about 4% instead of typically 6-7%, mainly due to headwinds in the Indian market. The international story is quite positive, and as far as the Indian market is concerned, one more quarter we will have to see.”
Also Read: Galaxy Surfactants partners with global customer for overseas plant
On Thursday (March 13), shares of Galaxy Surfactants Ltd ended at ₹2,081.55, down by ₹20.05, or 0.95%, on the BSE.
