Shares of Mold-Tek Technologies Ltd rose over 45% in the past month, climbing from ₹134.75 to ₹195. The company announced a final dividend of ₹2.00 per equity share and a bonus share in a 1:1 ratio. The Board of Directors made this announcement on August 26, 2026. The dividend is subject to approval at the Annual General Meeting on September 21, 2026. The record date for the dividend is September 14, 2026.
Key Details
Federal-Mogul Goetze (India) Ltd also made news by declaring a combined dividend of ₹94 per share. This includes an interim dividend of ₹7.50 and a special dividend of ₹86.50. This is the company's first dividend payment in nearly 25 years. The last ex-dividend trading occurred on August 10, 2001. The record date for this dividend is September 4, 2026, and payments are expected by September 25, 2026. This announcement led to a nearly 10% increase in the company’s share price during Friday's trading session.
Background
Both companies have attracted significant interest from investors after these announcements. Mold-Tek's market cap is about ₹565 crore. Federal-Mogul's dividend declaration marks a notable return to shareholder rewards after a long break. These announcements show a positive trend in dividend payouts amid a cautious market. Many companies have been reluctant to distribute cash to shareholders in recent years.
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These announcements are likely to boost investor sentiment in the microcap and auto sectors. This will specifically benefit Mold-Tek and Federal-Mogul shares. The increased dividends could attract more retail and institutional investors looking for income-generating stocks.
Investors will watch for the outcomes of the upcoming Annual General Meetings. Shareholder approvals for these dividends will be sought at those meetings.
Based on reporting by: livemint.com