Alicon Castalloy Limited has informed the Exchange about Alicon Castalloy Limited has informed the Exchange regarding allotment of 75000 Equity Shares pursuant to ESOP/ESPS at its meeting held on May 12, 2025
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Awaiting price reaction for this filing.
The board of Alicon Castalloy Limited, at its meeting on May 12, 2025, approved the audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2025, carrying an unmodified auditor opinion. The company declared an interim dividend of Rs. 2.5 per equity share (50% on face value of Rs. 5) for FY 2024-25, with May 17, 2025 fixed as the record date. It also allotted 75,000 equity shares of Rs. 5 each to employees upon exercise of options under the ESOP 2022 scheme. Additionally, M/s. P.G. Bhagwat LLP has been appointed as the Internal Auditor for FY 2025-26.
Positive for shareholders: the 50% interim dividend signals strong cash returns, while the ESOP allotment is a small dilution and routine. The unmodified audit opinion reassures on financial integrity, though no specific revenue or profit numbers were disclosed in this filing.