The Board of Directors in its meeting held on May 28, 2025 approved inter alia the transacted business as mentioned in the attached file.
ELCIDIN · price
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The board of Elcid Investments met on May 28, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 along with an unmodified audit opinion from V.K. Beswal & Associates. The board recommended a final dividend of Rs. 25 per share (on Rs. 10 face value, i.e. 250%) subject to shareholder approval. For FY25, standalone total income stood at Rs. 15,102.65 lakhs (vs Rs. 15,152.85 lakhs in FY24) and standalone profit from continuing operations was Rs. 10,097.15 lakhs (vs Rs. 11,322.47 lakhs). On a consolidated basis, total income was Rs. 27,527.55 lakhs and profit from continuing operations was Rs. 15,299.56 lakhs. 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.
Investors get a generous 250% final dividend along with an unmodified audit opinion, signaling clean financials. However, FY25 profit dipped modestly versus FY24, so the positive dividend news may be the main short-term catalyst for the stock.