The Board of Directors at its meeting held on 29.5.2026 recommended Dividend of Rs.0.25/- per equity share for the year ended 2025-2026
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Bannari Amman Spinning Mills Limited's Board meeting on May 29, 2026 approved several key items. The Board recommended a 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 profit after tax of Rs. 1,565.20 lakhs for the year ended March 2026, a turnaround from loss of Rs. 117.78 lakhs in the previous year. Revenue from operations stood at Rs. 87,032.40 lakhs. The Board also approved forfeiture of 42,25,806 share warrants (Tranche I) allotted on November 4, 2024, due to non-payment of balance subscription. Additionally, the re-appointment of Managing Director S V Arumugam for 3 years and appointments of Cost Auditor and Internal Auditors were approved.
The recommended dividend of Rs. 0.25 per share represents a modest payout ratio given the EPS of Rs. 2.17. The forfeiture of warrants may have a slight negative sentiment impact as it indicates non-compliance by warrant holders. The strong turnaround from loss to profit is a positive signal for the textile company's operational performance.