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The promoter pledged zero shares for an interim dividend to be paid in FY24, with a 275% payout in FY23

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<p>Regarding this, please refer to the previous notification from the company dated December 25, 2023, which stated that the trading window for trading company shares for individuals listed under the code is closed as of January 1, 2024, in compliance with the company’s code of conduct, which was created in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 (referred to as “the Code”). Up to 48 hours after the aforementioned Board Meeting, the Trading Window would remain closed, according to a stock market filing by Apcotex Industries.</p>
<p><img decoding=”async” class=”alignnone wp-image-361332″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-the-promoter-pledged-zero-shares-for-an-interim-dividend-to-be-paid-in-fy24-with-a.jpg” alt=”theindiaprint.com the promoter pledged zero shares for an interim dividend to be paid in fy24 with a” width=”1074″ height=”605″ title=”The promoter pledged zero shares for an interim dividend to be paid in FY24, with a 275% payout in FY23 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-the-promoter-pledged-zero-shares-for-an-interim-dividend-to-be-paid-in-fy24-with-a.jpg 600w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-the-promoter-pledged-zero-shares-for-an-interim-dividend-to-be-paid-in-fy24-with-a-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-the-promoter-pledged-zero-shares-for-an-interim-dividend-to-be-paid-in-fy24-with-a-150×85.jpg 150w” sizes=”(max-width: 1074px) 100vw, 1074px” /></p>
<p><strong>Yield on Apcotex Industries’ Dividend</strong><br />
For the fiscal year that concluded in March 2023, Apcotex Industries declared a 275.00% equity dividend, or Rs 5.5 per share, with a face value of Rs 2. At the present share price of Rs. 533.40, the dividend yield is equivalent to 1.04%. Over the last five years, the company has consistently paid out dividends, demonstrating its good dividend history. Trendline records show that Apcotex Industries Ltd. has distributed 25 dividends since April 24, 2000.</p>
<p><strong>Concerning Apcotex Industries</strong><br />
The company is one of India’s leading producers of synthetic rubber (NBR & HSR) and synthetic latex (Nitrile, VP latex, XSB & Acrylic latex), based on styrene-butadiene and butadiene-acrylonitrile chemistry. The markets that the company serves include paper, hoses, carpets, tire cords, construction, textiles, footwear, gloves, automotive components, rice dehusking rollers, and specialty items.</p>
<p>The products of the firm are extensively used in many industries such as carpet backing, paints, geotextiles, gloves, footwear, conveyor belts, hoses, automotive components, paper and paper boards, gaskets and cork sheets, water-proofing and repair, and tire cord dipping. Apcotex provides acrylic latexes, synthetic rubber, carboxylated SBR, VP latex, nitrile latex, and SBR latex in India. Drawing on the chemistry of styrene-butadiene and butadiene-acrylonitrile, it provides one of the widest ranges of emulsion polymers. Apcotex was included among Forbes Asia’s Best Under A Billion 2022’s ten Indian companies.</p>
<p>In comparison to the industry PE ratio of 107.88, Apcotex Industries has a low price-to-earnings ratio of 38.72, a low debt-to-equity ratio of 0.32, a high-interest coverage ratio of 32.78, and no promoter promises, according to Trendyne data.</p>


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