Announced Wed, 27 May · 15:52 IST

Intimation under Regulation 30 of LODR on Dividend payment

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹20440.00
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AI summary

The Board of Directors has recommended a dividend of Rs.25 per equity share (25% on face value of Rs.100) for FY2026, subject to shareholder approval at the 65th AGM on 25th August 2026. The record date is 18th August 2026, with book closure from 19th–25th August. The company reported a net loss of Rs.324.06 lakhs for the year (vs. profit of Rs.1,750.59 lakhs in FY2025), driven largely by fair value losses on investments. Dividend income from its investment portfolio was Rs.271.43 lakhs. This is a decrease from the previous year's dividend of Rs.37.50 per share (Rs.12.50 per share after the 2025 stock split).

Likely market impact

The dividend per share is lower year-on-year due to the stock split, though the yield may remain attractive if the stock price is subdued. The company posting a loss could raise concerns about dividend sustainability despite the Board still recommending a payout.