Announced Sat, 16 May · 19:58 IST

Board Approves Dividend

Corporate Actions View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Duncan Engineering's Board approved a final dividend of Rs. 3 per share (30% on Rs. 10 face value) for FY 2025-26, subject to shareholder approval at the AGM. The company reported Total Income of Rs. 8,294.53 Lakhs for FY 2026, down from Rs. 8,730.63 Lakhs in FY 2025. Net profit declined to Rs. 486.01 Lakhs from Rs. 521.07 Lakhs, while EPS fell to Rs. 13.15 from Rs. 14.10. The Board also re-appointed Mr. Akshat Goenka as Managing Director for 3 years from February 2027 and re-appointed Pipalia Singhal & Associates as Internal Auditor. Statutory auditors issued an unmodified opinion on the financial results.

Likely market impact

The dividend of Rs. 3 per share represents a 30% payout on the face value. While the company maintained profitability despite lower revenues, the decline in earnings may limit upside for the dividend stock. Investors should monitor if the dividend is approved at the AGM.