Declared Second Interim Dividend (subject to tax deductible at source) @ 40%, i.e. Re. 0.80 (Eighty Paise only) per Equity Share of face value of Rs. 2/- each for the financial year 2025 ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved a major revaluation of the company's land at Varca, Goa, increasing its book value from Rs. 2.56 crores to Rs. 429.82 crores—a gain of Rs. 427.26 crores recognized as a revaluation surplus in Other Equity. The company also changed its accounting policy from historical cost to revaluation model for land under Ind AS 16. Additionally, the Board declared a second interim dividend of Rs. 0.80 per share (40% on face value of Rs. 2) for FY 2025-26, with record date May 29, 2026, and payment by June 20, 2026. The total interim dividend outgo for FY 2025-26 is Rs. 1,663.90 lakhs, slightly lower than Rs. 1,756.33 lakhs in the previous year. Audited standalone financial results for FY 2026 were approved with an unmodified opinion.
The massive land revaluation will significantly boost the company's balance sheet and book value per share, though it does not directly affect cash flows. The second interim dividend provides income to shareholders, though the total annual dividend is marginally lower than the previous year.