Recommendation for Final Dividend 2025-26 is attached.
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Cravatex Ltd's Board of Directors met on 15th May 2026 and approved the audited financial results for the quarter/financial year ended 31st March 2026. The Statutory Auditors issued an unmodified (clean) opinion on the financial statements. The Board recommended a final dividend of Rs.13 per share (130% payout) on face value of Rs.10 per equity share, subject to shareholder approval at the 74th Annual General Meeting scheduled for 31st July 2026. If approved, the dividend will be paid within 30 days of the AGM. The company also appointed M/s Hemanshu Kapadia & Associates as Secretarial Auditors for FY 2026-27. Book closure is from 25th July to 31st July 2026 for AGM and dividend entitlement purposes.
The clean audit opinion and recommendation of a 130% dividend indicate a financially stable company with strong cash generation, which is positive for shareholders.