Dear Sir, We are enclosing herewith updates on dividends as a part of the outcome of the meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.1 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board, at its meeting on 27 May 2025, approved audited financial results for Q4 and FY ended 31 March 2025, with the auditor issuing an unmodified opinion. Full-year revenue from operations rose to Rs. 10,851.89 lakhs from Rs. 9,639.80 lakhs (about 12.6% growth), while profit after tax jumped to Rs. 393.91 lakhs from Rs. 125.34 lakhs, more than tripling year-on-year. The board recommended a final dividend of Rs. 0.25 per share (2.5% on face value of Rs. 10), subject to shareholder approval at the AGM. It also re-appointed Mr. Vishal Chordia and Mr. Anand Chordia as Managing Directors for five years, and Mr. Bapu Gavhane as Whole-time Director till 30 October 2026, with M/s Satish & Satish appointed as the new secretarial auditor.
Strong profit growth and a clean audit opinion are positive signals for shareholders, though the dividend is modest. Re-appointment of two promoter-family brothers (sons of Chairman Rajkumar Chordia) as Managing Directors for fresh five-year terms confirms continued family control at the top, which may reassure some investors but limits board independence.