ASK Automotive Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2025, recommended Final Dividend of Rs. 1.50 per equity share.
ASKAUTOLTD · price
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ASK Automotive's Board, at its May 13, 2025 meeting, approved audited standalone and consolidated results for FY25 with an unmodified auditor opinion. Consolidated revenue from operations grew to Rs. 3,600.83 crore from Rs. 2,994.55 crore in FY24 (~20% YoY), and consolidated profit after tax rose sharply to Rs. 247.62 crore from Rs. 173.77 crore (~42% YoY), with FY25 EPS of Rs. 12.56. The Board recommended a final dividend of Rs. 1.50 per equity share (75% on face value of Rs. 2), higher than the Rs. 1.00 per share paid in FY25 for the prior year, with record date fixed as July 18, 2025 and payment by August 30, 2025. Promoter directors Prashant Rathee and Aman Rathee were re-designated as Joint Managing Directors, and Rajan Wadhera (ex-Mahindra automotive sector president) was appointed as an Independent Director effective June 1, 2025. The 37th AGM is scheduled for August 1, 2025 via video conferencing.
Strong profit growth and a higher dividend should be viewed positively by shareholders, though the dividend remains subject to AGM approval. The appointment of a seasoned auto-industry veteran as Independent Director may strengthen governance and strategic oversight.