ASHIKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board has recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The record date for payment will be announced separately. The company also reported audited standalone net profit of Rs. 4,526.53 lakh for FY 2026, up from Rs. 4,235.97 lakh in the prior year, though Q4 showed a loss of Rs. 3,438.14 lakh due to net fair value changes. Key corporate developments include a change in statutory auditors (DHC & Co resigned due to RBI ineligibility, replaced by J K V S & Co), a proposed acquisition of Ashika Capital Limited (to become a wholly-owned subsidiary), and Ashika Global Custodial Services ceasing to be a subsidiary due to non-infusion of the planned Rs. 80 crore subscription.
The modest 5% dividend reflects reasonable profitability but provides limited immediate signal. The ongoing restructuring through mergers and acquisitions, along with auditor changes due to RBI compliance, indicates organizational evolution rather than financial stress.