Olectra Greentech Limited has recommended a final dividend of Rs 0.60 per equity share for the financial year ended March 31, 2026. The board of directors approved the proposal at their meeting held on May 29, 2026. The payout is subject to approval by shareholders at the annual general meeting of the company.
The dividend of Rs 0.60 per share translates to a payout of 15% on the face value of Rs 4 per equity share. If shareholders approve the recommendation at the AGM, Olectra Greentech will disburse the dividend within 30 days from the conclusion of the meeting. Shareholders whose names appear on the register as on the record date will be eligible to receive the payout.
The record date and book closure schedule for the purpose of the final dividend will be announced in due course by the company. Olectra Greentech informed BSE and NSE of the board decision through a regulatory filing submitted under the SEBI listing regulations.
The board meeting commenced at 4:52 PM and concluded at 6:00 PM on May 29, 2026, lasting approximately one hour. The meeting was held at the registered office of the company located at Technocrat Industrial Estate in Balanagar, Hyderabad, Telangana.
Olectra Greentech manufactures electric buses and electric commercial vehicles for the Indian market. The company is part of the MEIL Group, an infrastructure conglomerate with diversified business interests. Shares are listed on BSE under scrip code 532439 and on NSE under the symbol OLECTRA.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.