Ambika Cotton Mills Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 37 per equity share.
AMBIKCO · price
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On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ambika Cotton Mills Limited's Board of Directors met on May 26, 2026, and recommended a Final Dividend of Rs. 37 per equity share, representing 370% dividend on the face value of Rs. 10 per share. The Board also considered and took on record the Audited Financial Results for the financial year ended March 31, 2026, along with the Independent Auditor's Report. The meeting lasted 45 minutes, commencing at 12:00 pm and concluding at 12:45 pm. The company has scrip code 531978 on BSE and trades under symbol AMBIKCO on NSE.
The recommendation of Rs. 37 per share dividend signals strong financial performance for FY 2026 and reflects confidence in the company's cash position. This is a positive signal for shareholders receiving income, though the actual impact on stock price will depend on the prevailing market price and investor sentiment around the broader financial results.