The details of the Change in Management are mentioned in the attached letter.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Delton Cables reported FY2025-26 results with revenue of Rs. 9,864 lakhs, up 39% from Rs. 7,093 lakhs in the prior year. However, net profit declined to Rs. 1,472 lakhs from Rs. 2,051 lakhs. A key highlight is the land revaluation under Ind-AS 16, which increased freehold land value from Rs. 7.83 lakhs to Rs. 24,010.33 lakhs, boosting Other Comprehensive Income by Rs. 20,876.41 lakhs. The Board recommended a final dividend of Rs. 2 per share (20%), subject to shareholder approval. Mr. Abhishek Poddar was re-appointed as Non-Executive Independent Director for a second 5-year term from September 2027. Remuneration revisions for two Vice Presidents (Mrs. Shriya Gupta and Ms. Isha Gupta) were also approved. The auditors issued an unmodified opinion, and internal and cost auditors were re-appointed for FY2026-27.
The stock may see neutral reaction as revenue growth is strong but net profit declined. The land revaluation is a non-cash accounting gain and does not affect operating cash flows. Dividend payout of Rs. 172.80 lakhs provides direct shareholder return.