Bharti Airtel, Adani Ports among 21 lossmaking companies to pay dividend - MMJC

Prior approval of shareholders is mandatory if the dividend is declared out of general reserves.

Despite making losses in FY23, some companies have recommended paying dividends, a matter that is subject to approval from shareholders. The promoter holding in these companies ranges from 33 percent to 75 percent, which means they will be the major beneficiaries of the dividend payments.

At least 21 companies that posted a net loss on a standalone basis in FY23 have declared dividend payments, a Moneycontrol analysis showed. Some of these companies have made a profit on a consolidated level because their subsidiaries posted positive earnings.

Our Partner – Makrand Joshi – Expressed views stating that – dividends must be paid based on a company’s standalone profits.

The link to the Media commenthttps://www.moneycontrol.com/news/business/earnings/bharti-airtel-adani-ports-among-21-lossmaking-companies-to-pay-dividend-10781541.html