Divgi Torqtransfer Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on August 07, 2025.
DIVGIITTS · price
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Awaiting price reaction for this filing.
Divgi Torqtransfer Systems reported strong Q1 FY26 results with revenue from operations of ₹716.76 million, up about 32% from ₹542.29 million in Q1 FY25. Net profit jumped to ₹89.26 million from ₹55.13 million (around 62% growth), translating to EPS of ₹7.98 for the quarter. The Board declared a final dividend of ₹2.60 per equity share for FY25, with the record date set for September 8, 2025 and the 60th AGM scheduled for September 16, 2025. The Board also appointed Kanj and Co. LLP as Secretarial Auditor for five years (FY26–FY30) and Kirtane & Pandit LLP as Internal Auditor for two years (FY26–FY27). Of the ₹1,696.62 million IPO proceeds, ₹741.93 million has been utilised so far, with ₹954.69 million still pending deployment. The statutory auditor B.K. Khare & Co. issued a clean limited review report with no qualifications.
Sharp year-on-year growth in both revenue and profit, along with a declared dividend, is a positive signal for shareholders and could support the stock. The large unutilised IPO balance (₹954.69 million) is worth tracking for timely deployment.