Board has recommended Final Dividend of 5%, i.e., Rs. 0.10/- (Ten Paise Only) per equity share of face value Rs. 2/-.
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The Board of Comfort Fincap Ltd has recommended a Final Dividend of Rs. 0.10 per equity share (5% on face value of Rs. 2) for FY25, subject to shareholder approval at the upcoming AGM. The Board also approved conversion of 76,76,000 convertible warrants into equity shares at Rs. 9 per share, bringing in Rs. 5.18 crore and raising paid-up equity capital from Rs. 15.97 crore to Rs. 17.50 crore (8.75 crore shares total). For FY25, the company reported standalone total income of Rs. 1,312.82 lakh (vs Rs. 1,395.95 lakh last year) and profit after tax of Rs. 509.85 lakh, with basic EPS of Rs. 0.38 (down from Rs. 0.95 last year, mainly due to dilution from warrant conversions). The company is an NBFC and also appointed new internal and secretarial auditors.
The final dividend is very small (5% on face value), unlikely to materially impact investor returns. The warrant conversion increases share count by roughly 9.6%, diluting existing shareholders' stake, which is the more notable event and may put mild pressure on the stock price in the near term. Watch for the record date announcement to be eligible for the dividend.