Board of directors at their meeting held on 29.05.2026 recommended the final dividend of Rs. 0.01 (i.e. 1%) having FV of Rs. 1.
BHANDARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Bhandari Hosiery Exports Limited approved the audited financial results for FY2025-26, reporting a net profit of Rs. 776.83 lakhs compared to Rs. 774.80 lakhs in the previous year. The Board recommended a final dividend of Rs. 0.01 per equity share (1% on face value of Rs. 1), subject to shareholder approval at the ensuing AGM. The company also raised share capital through a rights issue of 9,29,06,781 equity shares at a premium of Rs. 2.56 per share, allotted on March 23, 2026. Statutory auditors Raj Gupta & Co issued an unmodified opinion on the financial statements. The company appointed M/s V.V. Bhalla & Co as internal auditors for FY2026-27.
The recommended dividend of Re. 0.01 per share represents a minimal return (~1%) on the face value, indicating conservative dividend policy. The unchanged profit growth and low dividend payout suggest the company is retaining earnings for growth, which may not be immediately rewarding for dividend-seeking investors but could support future expansion.