Arvind SmartSpaces Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, recommended Final Dividend of 6 per equity share.
ARVSMART · price
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Arvind SmartSpaces' Board, meeting on May 20, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditors giving an unqualified (clean) opinion. The Board recommended a final dividend of Rs. 6.00 per equity share (60% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM, payable within 30 days of declaration. Mr. Kamal Singal was re-appointed as Managing Director and CEO for another five-year term starting June 1, 2025. The Board also appointed new Secretarial Auditors for FY26–FY30 and Cost Auditors for FY26, and approved the reclassification of a promoter group member (holding 0.11% of equity) from 'promoter' to 'public' category at his request.
The 60% final dividend is a healthy payout signal for shareholders, though the actual yield depends on the current share price. Long-term continuity at the top with Mr. Singal's reappointment should be viewed positively by investors, while the promoter reclassification is minor (just 0.11% stake).