Board has Approved the dividend for the f.y 2024-25
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The Board approved a final dividend of Rs. 0.60 per share (6%) on the Rs. 10 face value for FY2024-25, subject to shareholder approval, unchanged from last year. The company reported audited FY25 results showing a turnaround to a profit of Rs. 13.87 lakh versus a loss of Rs. 105.15 lakh in FY24, with Q4 FY25 PBT at Rs. 19.55 lakh versus a Rs. 23.46 lakh loss a year ago. Total income for FY25 fell to Rs. 304.66 lakh from Rs. 379.07 lakh in FY24. The Board also finalised terms of a 1:1 Rights Issue at Rs. 10 per share (at par), with record date set for May 30, 2025, which would double outstanding shares from 33.80 lakh to 67.60 lakh.
The dividend maintained at Rs. 0.60 signals stability, and the swing back to profitability is positive, though income shrank. The 1:1 Rights Issue at par value is heavily dilutive but gives existing shareholders a chance to maintain their stake; participation will dilute those who do not subscribe.