Recommendation of Final cum Special Dividend
AKUMS · price
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Akums Drugs and Pharmaceuticals Limited's Board has recommended a final dividend of Rs. 1.00 per share (50% of face value) and a special dividend of Rs. 2.00 per share (100% of face value) for FY2026, totaling Rs. 3 per share. The recommendation is subject to shareholder approval at the 22nd AGM scheduled for July 10, 2026. Record date is fixed for July 3, 2026. The company reported standalone net profit after tax of Rs. 1,116.40 million for FY2026, down from Rs. 1,609.98 million in FY2025, with EPS falling to Rs. 7.29 from Rs. 10.76. Despite lower profits, the board maintained dividend distribution. The AGM notice and integrated annual report will be sent to shareholders shortly.
The combined dividend of Rs. 3 per share signals continued commitment to shareholder returns even amid a decline in profitability for FY2026. Investors should note the July 3, 2026 record date to qualify for the dividend payout.