Bannari Amman Spinning Mills Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs.0.25 per equity share.
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Bannari Amman Spinning Mills Limited held its Board meeting on May 29, 2026, approving several key items. The Board recommended a final dividend of Rs. 0.25 per equity share (5% on face value of Rs. 5) for FY 2025-26, subject to shareholder approval. The company reported standalone revenue from operations of Rs. 87,032.40 lakhs for the year ended March 31, 2026, with profit before tax of Rs. 2,366.77 lakhs and total comprehensive income of Rs. 1,677.27 lakhs. Other approvals included re-appointment of Managing Director Sri S V Arumugam for 3 years, appointment of cost and internal auditors for FY 2026-27. The Board also approved forfeiture of 42,25,806 share warrants (Tranche I) due to non-payment of balance subscription. The company completed a rights issue of 1,50,79,504 equity shares in May 2025 at Rs. 27 per share, reducing promoter holding from 54.29% to 48.49%.
The modest dividend of Rs. 0.25 per share provides a small return to shareholders. The company returned to profitability in FY26 after a loss in FY25, with strong operating cash flows of Rs. 11,683.44 lakhs. The warrant forfeiture and rights issue reflect ongoing capital restructuring.