Deep Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2026, recommended Final Dividend of Rs. 2.50 per equity share.
DEEPINDS · price
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Deep Industries Limited's Board of Directors met on May 14, 2026 and approved the audited financial results for Q4 and FY ended March 31, 2026. For standalone operations, the company reported net profit of Rs. 974.12 million compared to a loss of Rs. 1,154.33 million in the previous year, a significant turnaround. Basic and diluted EPS stands at Rs. 15.23 per share. The Board recommended a Final Dividend of Rs. 2.50 per equity share (50% on face value of Rs. 5), subject to shareholder approval at the ensuing AGM. Additionally, M/s. Manubhai & Shah LLP was re-appointed as Internal Auditor for FY 2026-27. The filing also notes an exceptional item of Rs. 208.28 million related to write-off of legacy trade receivables from Kandla Energy & Chemicals Limited, merged with the company in March 2025.
The recommendation of a 50% dividend payout on Rs. 5 face value signals a return to profitability and positive cash flows. This dividend declaration, following a year of strong recovery from losses, is likely positive for shareholder sentiment. The actual dividend yield will depend on the prevailing stock price.