Dividend Distribution Policy
This Policy seeks to outline broad parameters that may be applied and considered by the Board of Directors of Ambika Cotton Mills Limited (“the Company”). The Company has followed a stable dividend policy in the past and strives to maintain a consistent dividend payout ratio.
The policy is framed in compliance with the requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
Accordingly, this Policy has been approved and adopted by the Board of Directors of the Company at its meeting held on August 11, 2021.