Dividend Record Date and History

Shanthi Gears Limited provided an initial update on May 5, 2026, detailing the steps for its final dividend payout. The company has confirmed July 17, 2026, as the record date, which serves to identify shareholders entitled to receive this proposed distribution.

As a member of the Murugappa Group, Shanthi Gears has maintained a tradition of returning profits to its investors. For fiscal year 2023, the company paid ₹8.00 per share, following a similar ₹8.00 per share payout in FY2022. In FY2021, shareholders received ₹6.00 per share, demonstrating a consistent policy of rewarding ownership.

The dividend payout ratio for Shanthi Gears stood at 32.63% in FY23, with a comparable ratio of 34.78% in FY22. These figures reflect the company's approach to balancing retained earnings with shareholder returns.

In comparison, competitors such as Bharat Gears Ltd. declared ₹2 per share for FY23, and Elecon Engineering Company Ltd. proposed ₹4 per share for the same period. Shanthi Gears' consistent payout offers a benchmark within the sector.

Shareholders await the outcome of the 53rd Annual General Meeting on July 29, 2026, where the final dividend proposal will be put to a vote. Investors will be keen to monitor the approved dividend amount, if any, and any management insights into future profit distribution policies.