Ador Welding Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2025, recommended Final Dividend of 20 per equity share.
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Ador Welding's board met on May 6, 2025 and declared a final dividend of Rs. 20 per share (200%) on face value of Rs. 10, subject to shareholder approval at the AGM on July 15, 2025. The company also reported audited FY25 results with total income rising modestly to Rs. 1,13,706 lakhs (from Rs. 1,08,795 lakhs restated), but net profit fell sharply to Rs. 4,346 lakhs from Rs. 8,935 lakhs, hit by Rs. 4,310 lakhs in exceptional charges — largely a Rs. 3,171 lakh write-down on its wholly owned subsidiary 3D Future Technologies, plus merger and restructuring costs related to the Ador Fontech amalgamation completed in September 2024. EPS dropped to Rs. 24.98 from Rs. 65.71 (restated). Additionally, the board appointed BSR & Co. LLP as new statutory auditor, designated three new KMPs, raised the director retirement age from 65 to 70 via AOA amendment, and approved the Ador ESOP 2025 covering 3,40,000 stock options.
Despite a sharp drop in FY25 earnings due to one-time write-downs on the 3DFT subsidiary and merger costs, the Rs. 20 dividend (a 200% payout) signals confidence in cash flows and rewards shareholders, likely supporting near-term sentiment. However, the weak underlying profitability, subsidiary impairment, and shareholder dilution from the new ESOP are concerns for long-term investors.