Outcome of Board Meeting- Approval of Dividend
BEEKAY · price
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Beekay Steel Industries' Board of Directors met on 29 May 2025 and approved audited financial results (standalone and consolidated) for Q4 and the full financial year ended 31 March 2025, along with the annual accounts for FY 2024-25. The Board recommended a dividend of 10% on equity shares, which works out to Re. 1 per share on the Rs. 10 face value, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, Mr. Santosh Kumar Tibrewalla was appointed as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30.
The recommended dividend of Re. 1 per share rewards shareholders with a payout of 10% on face value, pending AGM approval. Combined with the approval of audited results, this reflects stable financial performance for FY 2024-25 and a routine corporate governance update, likely to be viewed positively but not materially stock-moving.