Please note that dividend has not been paid even after 60 days from record date. SEBI regulations states that dividend has to be paid within 30 days. We can judge from this what could be the financial situation of this company based on the dividend issue since the total outgo for the dividend payment is very small compared to the declared profits by the company. Therefore each investor should make his own conclusion. One guy on this forum claimed that he received the dividend. Whoever claims he has received the dividend is a liar. So far the company has not paid the dividend. I have checked with atleast 7 friends who have invested in this company and none has received the dividend. Please play safe in this stock
Have they declared dividend? I went thru their web site and could not find any press release about dividend. They did not publish annual report either; so I guess the question of dividend does not arise.
| NIFTY 
