Agarwal Industrial Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 3.3 per equity share.
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The Board of Directors of Agarwal Industrial Corporation Limited met on May 29, 2026, and recommended a final dividend of Rs. 3.30 per equity share (face value Rs. 10 each) for the Financial Year ended March 31, 2026. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The meeting also reviewed and approved the audited standalone and consolidated financial results for Q4 and full year ended March 31, 2026, with an unmodified opinion from statutory auditors M/s Singhal Sanklecha & Co LLP. Additionally, the Board approved reconstitution of the Audit Committee.
The recommended dividend signals a positive outcome for shareholders, indicating profitability in FY 2025-26. However, the impact on the stock price will depend on whether the dividend yield is competitive relative to peers and the market's reaction to the overall financial performance.