Eveready Industries India Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2026, recommended Final Dividend of Rs. 2.50 per equity share.
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The Board of Eveready Industries India Limited, at its meeting on April 30, 2026, recommended a Final Dividend of Rs. 2.50 per equity share (50% on face value of Rs. 5), aggregating to Rs. 18.17 crores for FY26, subject to shareholder approval at the 91st AGM. Standalone revenue grew ~8.2% to Rs. 1,454.61 crores (from Rs. 1,343.92 crores), while profit before exceptional items and tax rose ~20% to Rs. 117.96 crores. Net profit more than doubled to Rs. 171.23 crores (from Rs. 82.38 crores), boosted by an exceptional gain of Rs. 102.70 crores from the sale of leasehold rights at the Noida plant (Plot B1). EPS jumped to Rs. 23.56 from Rs. 11.33. The company also recognized Rs. 85.09 crores of MAT credit as a deferred tax asset. The auditor (Singhi & Co.) issued an unmodified opinion.
Shareholders stand to receive a modest Rs. 2.50 per share dividend once approved at the AGM. Strong reported earnings and asset monetisation have strengthened the balance sheet, but underlying operating profit growth was more modest. Investors should note the Rs. 171.55 crore CCI penalty remains a contingent liability pending NCLAT appeal — a material overhang on the stock.