Recommended a dividend of Rs. 1.50/- per equity shares of Rs. 10/- each for the financials year ended March 31, 2026 subject to the approval of the shareholders at the 32nd Annual general meeting
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Asian Star Company Ltd's Board approved the audited financial statements for FY2026 (ended March 31, 2026) with an unmodified audit opinion from M/s V. A. Parikh & Associates LLP. The Board recommended a dividend of Rs. 1.50 per equity share (face value Rs. 10) for FY2026, subject to shareholder approval at the 32nd AGM. If approved, the dividend will be paid within 30 days of the AGM. Additionally, the Board revised downward the remuneration of both the CEO (from Rs. 1.75 Crs to Rs. 1.00 Crs) and CFO (from Rs. 1.25 Crs to Rs. 1.00 Crs), effective a reduction for both executives.
The recommended dividend signals the company continues to share profits with shareholders. Without the current stock price, the dividend yield cannot be assessed. The simultaneous cut in top executive remuneration may raise questions about cost controls or future profitability outlook.