Agrinnovate India Ltd.’s Dividend Declaration: A Crucial Milestone for the Company
In a significant milestone in its journey of agricultural innovation and sustainability, Agrinnovate India Ltd., a government corporate under the Department of Agricultural Research and Education (DARE) and the Ministry of Agriculture, has formally declared a dividend of Rs.1,42,23,513 (Rs 1.42 crore) for the financial year 2023-24 to Union Agriculture Minister Shri Shivraj Singh Chouhan.
Introduction: Agrinnovate India Ltd., serving as the commercial arm of ICAR, is dedicated to advancing agricultural research and practical implementation. Its focus on agri-technologies and transferring knowledge to farmers has solidified its position as a key player in India’s agricultural ecosystem. The dividend decision reflects its continued financial strength, strategic vision, and commitment to sustainable growth.
Dividend Details: The dividend amount is Rs.1,42,23,513, comprising:
- Equity shares: Rs 90,000 (9 lakh)
- Profit share: Rs 82,23,513 (8 lakh and 23 thousand fifty-three rupees)
- Other income/expense: Rs 7,224 (Rs 7.2 thousand twenty-four)
This dividend not only provides financial relief to shareholders but also signals the company’s success in its mission of advancing India’s agricultural innovation ecosystem.
Presentation and Context: The dividend was formally presented by Shri Shivraj Singh Chouhan at a meeting held on [insert date]. The presentation included:
- Key officials: Dr. Praveen Malik, Chief Executive Officer; Secretary, Department of Agriculture & Farmers’ Welfare (Dr. Devesh Chaturvedi); and Director General, Indian Council of Agricultural Research (ICAR) (Dr. M.L. Jat).
Company Focus: Agrinnovate India Ltd. operates as a commercial entity under DARE and ICAR, bridging agricultural research with practical implementation. It plays a pivotal role in translating, valorizing, and scaling agri-technologies to benefit farmers and entrepreneurs.
Conclusion: The dividend decision underscores Agrinnovate India Ltd.’s commitment to financial sustainability and institutional accountability. It is not merely for shareholders but also a signal of future success in the agricultural sector. The dividend reflects the company’s leadership and strategic vision, solidifying its position as a key player in India’s agricultural innovation ecosystem.
This blog highlights how the dividend decision serves as a testament to Agrinnovate India Ltd.’s efforts in sustainable agriculture, emphasizing the importance of financial support for advancing India’s agricultural ecosystem.