The Board has approved the dividend for the F.Y. 2025-26
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The Board of Directors approved a final dividend of Rs. 0.40 per equity share (4% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the AGM. This is a reduction from the FY 2024-25 dividend of Rs. 0.60 per share. The company reported a net profit of Rs. 8.71 lakh for FY 2025-26 versus a net loss of Rs. 12.96 lakh in FY 2024-25, a significant turnaround. The paid-up share capital doubled from Rs. 338.04 lakh to Rs. 676.08 lakh, indicating a 1:1 stock split during the year. Total comprehensive income remained negative at Rs. 21.89 lakh due to mark-to-market losses on equity investments (Rs. -42.17 lakh OCI), though operating profit before tax turned positive at Rs. 18.95 lakh from a loss of Rs. 13.71 lakh prior year. The dividend amount is modest relative to the company's small profit base.
The dividend was cut by 33% (from Rs. 0.60 to Rs. 0.40 per share), which could be viewed negatively by income-seeking investors. However, the company returned to profitability this year, which is a positive sign. The stock split doubled share count, making the stock more liquid.