Canara Robeco Asset Management Company Limited has informed the Exchange that Board of Directors at its meeting held on April 27, 2026, recommended Final Dividend of Rs. 2.50 per equity share.
CRAMC · price
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On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 4.8 pts less than its Asset Management Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Canara Robeco AMC, held on April 27, 2026, approved audited financial results for FY26 with an unmodified auditor opinion. It recommended a final dividend of Rs. 2.50 per equity share (face value Rs. 10), subject to shareholder approval at the AGM. Revenue from operations grew to Rs. 4.25 billion from Rs. 3.65 billion, while profit after tax rose to Rs. 2.04 billion from Rs. 1.91 billion. Average AUM (mutual fund QAAUM) climbed to Rs. 1,174.83 billion from Rs. 1,033.44 billion, and folio count reached 5.08 million across 29 branches. The Board also appointed Borkar & Muzumdar as statutory auditors for 3 years and re-appointed Mr. Ravindran Menon as Independent Director for a second 3-year term.
A 25% dividend on face value signals healthy cash generation and shareholder rewards, but with no prior-year comparison given, continuity of payouts is unclear. The steady AUM growth and improving revenue may support a positive near-term sentiment for the recently listed stock.