Board recommends final dividend for FY 2025-26
ADSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Digital Services' Board has recommended a final dividend of Rs. 1.50 per share (30% on Rs. 5 face value) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported a standalone net loss of Rs. 81 lakh for the year, compared to a profit of Rs. 1,073 lakh in the previous year, primarily due to Rs. 3,573 lakh additional impairment provisions and other write-offs. On a consolidated basis, the company performed better with net profit of Rs. 3,552 lakh (up from Rs. 3,211 lakh), driven by strong performance of foreign subsidiaries. The auditors issued qualified opinions citing non-compliance with Section 186(7) of the Companies Act regarding interest-free loans to subsidiaries, though this was partially rectified during the year.
The dividend recommendation is a positive signal for income-focused investors, but the standalone loss and qualified audit opinion may create caution. The stock's reaction will likely depend on market assessment of the impairment charges and whether the consolidated performance can sustain going forward.