Corporate Action-Board recommended a final dividend of Rs. 0.50/- per equity share (5% of face value of Rs. 10/- each), subject to approval of shareholders at the ensuing Annual General Meeting
AKSHARCHEM · price
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AksharChem India Ltd's Board meeting on May 21, 2026 approved audited FY2025-26 results and recommended a final dividend of Rs. 0.50 per equity share (5% on Rs. 10 face value), subject to shareholder approval at the ensuing AGM. The company posted a net loss of Rs. 43.86 lakh for FY2025-26 versus a net profit of Rs. 477.04 lakh in the prior year, impacted by a fire incident at its VS plant that caused Rs. 402.18 lakh in losses (partially offset by insurance claims). Revenue grew to Rs. 37,243 lakh from Rs. 34,627 lakh. The Board also appointed Mr. Devalkumar Indrabal Suthar as Whole-Time Director and noted the resignation of Executive Director Mr. Ashok Dolatsinh Barot. The company commissioned a 5.19 MWp solar power plant for captive consumption.
The dividend of Rs. 0.50 per share is modest given the company swung to a loss this year, signaling a stable but cautious payout. Shareholders should note the loss-making position and fire-related disruptions, though the insurance recovery and new solar infrastructure may support future cost efficiency.