Outcome of Board Meeting held on May 14, 2026
ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved the Annual Audited Financial Results for FY2026 (standalone and consolidated) with an unmodified opinion from auditors Walker Chandiok & Co. LLP. Standalone revenue declined to Rs. 7,510.83 crore from Rs. 8,072.96 crore in FY2025, but profit after tax surged 34% to Rs. 268.33 crore from Rs. 200.13 crore, reflecting improved operational efficiency. EBITDA rose to Rs. 604.17 crore vs Rs. 453.00 crore. The Board recommended a 50% higher dividend of Rs. 5.40 per share (vs Rs. 3.60), payable upon shareholder approval at the 18th AGM on July 6, 2026 (record date June 26, 2026). The Board also approved a fund raise of up to Rs. 1,000 crore via equity/convertible securities through QIP or preferential allotment. Key risk notes include an ongoing CSD customer dispute (Rs. 339.87 crore) and Income Tax litigation (Rs. 2,607.53 crore tax + Rs. 1,937.71 crore interest, though 90% stay granted and penalty proceedings dropped).
Strong profitability growth despite revenue decline is positive; 50% dividend hike signals confidence; Rs. 1,000 crore fund raise could dilute equity but may support growth plans. Tax dispute resolution removes key overhang. The stock may react positively to better-than-expected earnings and higher dividend.