PTL Enterprises Ltd provides manufactuing facility on lease basis .PTL Enterprises Ltd. key Products/Revenue Segments include Lease Rentals and Income from Financial Services. PTL Enterprises Ltd. is a Small Cap company (having a market cap of Rs 560.35 Crore) operating in Holding Company sector. It became an associate company of Apollo Tyres Ltd (ATL) in 1995, when Premier Tyres’ tyres and tubes manufacturing facility in Kalamassery, Kerala, was acquired by Apollo. This facility began commercial production in September 1962 and currently the plant is leased to Apollo tyres on long term basis. All production is done by Apollo Tyres.

PTL Enterprises Ltd. Dividend

On May 14, 2024 ,the Board of Directors recommended a Final Dividend of Rs. 1.75 per equity share of Re. 1/- each for the financial year ended March 31, 2024 . The Record Date of the dividend is

12 July,2024 & the Payment Date is 23 August,2024 .

Anybody who wants to get the dividend must purchase the shares on/before 11 July, 2024 to get themselves resister in the record of the eligible receivers of the dividend.

The persons who bought the shares solely for the purpose of dividend can sell the shares on the record date i.e. on 12 July, 2024 and still they will be eligible to receive the dividend as their name would have been registered on 11 July, 2024.
It is to be noted that on the record date , the share price of PTL Enterprisesmay fall by the dividend amount i.e it may fall by Rs 1.75 in the opening session to adjust its price to ex-dividend.

So investors are adviced to make their decision wisely.

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