Apollo Sindoori Hotels Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of 2 per equity share.
APOLSINHOT · price
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Apollo Sindoori Hotels' board met on May 15, 2025 and approved audited standalone and consolidated financial results for Q4 and FY25, with statutory auditors issuing an unmodified opinion. The board recommended a final dividend of Rs. 2 per equity share (40% on face value of Rs. 5) for FY24-25, subject to shareholder approval at the upcoming AGM. The board also gave in-principle approval to explore international business opportunities through subsidiaries in response to recent overseas enquiries. Additionally, Ms. Rupali Sharma resigned as Company Secretary, and Ms. Nadakuditi Achutha Madhavi was appointed as the new Company Secretary and Compliance Officer effective the same day.
The final dividend declaration is a positive signal for shareholders, though the exact yield depends on the current share price. The move to explore international expansion could open new growth avenues, while the company secretary change is a routine compliance matter.