Declaration of Interim Dividend for Financial Year 2025-26
ELITECON · price
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Awaiting price reaction for this filing.
The Board of Elitecon International has declared an interim dividend of Re. 0.05 (five paise) per equity share of Re. 1 face value for FY 2025-26, with the record date fixed as Wednesday, November 12, 2025. The company also reported strong Q2 FY26 standalone results, with total income jumping to Rs. 50,569 lakhs (from Rs. 8,024 lakhs in Q2 FY25) and standalone profit after tax rising to Rs. 2,020 lakhs (from Rs. 88 lakhs YoY). Consolidated quarterly revenue stood at Rs. 2,19,586 lakhs with a net profit of Rs. 1,720 lakhs. The filing also notes a 10:1 stock split completed in June 2025 (face value reduced from Rs. 10 to Rs. 1). Two major GST-related legal matters remain pending: a DGGI show cause notice of Rs. 387.43 crores and four CGST notices totaling Rs. 22.23 crores.
The dividend payout is very small (Re. 0.05 per share) and unlikely to materially impact shareholders, but the sharp year-on-year revenue and profit growth is a positive signal. However, the pending GST show cause notices aggregating over Rs. 400 crores represent a significant overhang and regulatory risk that investors should weigh carefully.