The Board of Directors have recommended a final dividend of Rs. 25 per ordinary shares for the financial year ended 31st March 2026 subject to approval of the members at the ensuing AGM.
CHEVIOT · price
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Cheviot Company Ltd's Board has recommended a final dividend of Rs. 25 per ordinary share (250% on face value of Rs. 10) for the financial year ended 31 March 2026, subject to shareholder approval at the ensuing AGM on 6 August 2026. The record date for entitlement is 30 July 2026, and dividend payment is targeted for 11 August 2026. The total dividend outflow aggregates to Rs. 1,460.47 Lakhs across 58,41,875 fully paid-up shares. For FY 2025-26, the company reported total income of Rs. 54,983.25 Lakhs (up ~17% YoY from Rs. 46,844.55 Lakhs), but profit after tax declined to Rs. 5,169.15 Lakhs from Rs. 5,774.19 Lakhs in the prior year, with EPS at Rs. 88.48 versus Rs. 98.08. The audit report was issued with an unmodified opinion.
The dividend of Rs. 25 per share signals continued shareholder returns despite a decline in profitability. The ~10% drop in net profit year-on-year warrants monitoring, but the healthy dividend payout reflects the board's confidence. Shareholders on record as of 30 July 2026 will be entitled to the dividend.