The board of directors approved the final dividend of Rs. 25 (250% of the face value of Rs.10) subject to the approval from the shareholders of the Company.
ELCIDIN · price
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Elcid Investments' board met on May 28, 2025 and approved a final dividend of Rs. 25 per equity share on a face value of Rs. 10, which works out to 250%. This is subject to shareholder approval at the upcoming AGM. The board also approved the audited standalone and consolidated financial results for FY ending March 31, 2025, with the auditor issuing an unmodified opinion. Consolidated total income for FY25 stood at Rs. 27,113.97 lakhs versus Rs. 23,527.16 lakhs in FY24, showing growth. The company also appointed M/s Ruchi Kotak & Associates as Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030. Elcid is a non-banking financial company functioning as an investment company, so it has no separate business segments.
The Rs. 25 dividend is a healthy payout for shareholders, though the actual yield depends on the prevailing share price. The clean audit report and improving income figures are positive signals, but no major business expansion is signaled by this update.