Board of Directors recommended dividend for the FY25 subject to approved by shareholders at AGM
Awaiting price reaction for this filing.
Triveni Engineering & Industries Ltd's board, at its May 27, 2025 meeting, recommended a final dividend of 250% (Rs. 2.50 per equity share of Re. 1 face value) for FY25, subject to shareholder approval at the 89th AGM on September 8, 2025. Record date is fixed as September 1, 2025. For FY25, standalone revenue from operations grew to Rs. 6,655.40 crore from Rs. 6,149.14 crore, but standalone profit after tax fell sharply to Rs. 248.42 crore from Rs. 391.52 crore, with EPS dropping to Rs. 11.35 from Rs. 17.89. Consolidated revenue rose to Rs. 6,807.94 crore while consolidated PAT slipped to Rs. 238.26 crore. The board also approved a Composite Scheme of Arrangement involving amalgamation of Sir Shadi Lal Enterprises into Triveni and demerger of the Power Transmission business into Triveni Power Transmission Ltd, pending stock exchange approval.
The dividend announcement is positive for income-seeking shareholders, though the weaker FY25 earnings (PAT down ~37%) and ongoing restructuring (amalgamation and demerger) may keep stock-specific sentiment mixed in the near term. Shareholders on record by September 1, 2025 will be eligible for the dividend.