New Delhi, Feb. 5 -- Shares of Hindustan Aeronautics Ltd. (HAL) surged over 2 percent in intra-day trading on Wednesday, February 5, following the company's announcement of the record date for its upcoming dividend. The state-run defence equipment manufacturer has set Friday, February 14, 2025, as the record date, meaning only shareholders who hold HAL shares as of that date will be eligible to receive the dividend payout.

According to the company's regulatory filing, the dividend will be disbursed to eligible shareholders within 30 days of its approval at the Annual General Meeting (AGM). HAL further disclosed that its board of directors will meet on Wednesday, February 12, 2025, to consider and approve the audited financial results for...