Please find the enclosed letter with respect to declaration of dividend subject to shareholders approval in the ensuing AGM.
ELCIDIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elcid Investments Ltd's board has approved audited financial results for FY ended March 2026 and recommended a final dividend of Rs.25 per equity share (face value Rs.10) for shareholder approval at the ensuing AGM. Standalone net profit declined to Rs.7,622.80 lakhs from Rs.10,097.15 lakhs in the previous year, while consolidated net profit fell to Rs.10,852.04 lakhs from Rs.15,299.56 lakhs. The company, a non-banking financial company engaged in investment activities, has 2,00,000 fully paid-up equity shares. The dividend amount matches the previous year's payout of Rs.50 lakhs total.
The unchanged dividend despite lower profits indicates management's commitment to shareholder returns, but the profit decline may create some caution among investors. The actual dividend yield depends on the current market price of the stock.