The Board of Directors approved the Final Dividend of Rs. 25 (250%) of the face value Rs.10 subject t approval from the shareholders of the company. Further the attached file is herewith ....
ELCIDIN · price
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The Board of Elcid Investments has recommended a final dividend of Rs. 25 per share (250% on face value of Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. The Board also approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, along with the auditor's report carrying an unmodified opinion. The company is a non-banking financial company functioning as an investment company, with standalone total income of Rs. 15,102.65 lakhs (vs Rs. 15,152.85 lakhs in FY24) and profit after tax of Rs. 10,057.15 lakhs (vs Rs. 11,322.47 lakhs in FY24), indicating a slight decline in earnings. Consolidated EPS stood at Rs. 7,649.78 for FY25. The Board also appointed M/s Ruchi Kotak & Associates as Secretarial Auditor for a five-year term.
Shareholders will receive a Rs. 25 dividend per share if approved at the AGM, representing the same payout level as the prior year despite a modest dip in profits. For a stock that historically trades at very high prices, the dividend yield is likely modest, so the impact on share price is expected to be limited.