CAMS declares final dividend, net revenue up 2.3% YoY in Q4 FY23

The company declared a final dividend of ₹12 per equity share. CAMS fixed the record date for determining the eligible members for receiving the dividend to be 15 August 2023. The dividend will be paid after the approval from shareholders on 10 September 2023.

“Recommended the payment of Final Dividend of Rs. 12.00 per equity share. The above Dividend will be paid to those shareholders as on 15” August 2023 which has been fixed as the “Record Date” for determining the members eligible to receive dividend. The same will be subject to approval of shareholders at the Annual General Meeting scheduled for 07″ August 2023. If approved by the Shareholders, the dividend will be disbursed on or before 10 September 2023,” said the company in its BSE filing. 

On an annual basis, company’s annual consolidated net profit dropped marginally by 0.8% to ₹284.63 crore in FY23 from ₹286.94 crore in FY22. 

Company shares ended 0.63% higher at ₹2073.70 apiece on BSE on Friday. As on Friday, its market valuation stood at ₹10,159.80 crore on BSE. CAMS share value has declined by 5.53% YTD and by 14.34% in one year.

The company has also announced the appointment of new officials in its quarterly report announcement. B Chandra was appointed as the secretarial auditor of the company. CAMS also announced the appointment of new internal auditors and statutory auditors.