Everest Kanto Cylinder Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.70 per equity share.
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The Board of Directors of Everest Kanto Cylinder Limited has recommended a Final Dividend of Rs. 0.70 per equity share on a face value of Rs. 2, representing a 35% dividend. The recommendation is subject to approval by shareholders at the 47th Annual General Meeting. The Board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. Additionally, Mr. N. P. Gupta was appointed as the new CEO effective July 1, 2026.
The 35% dividend signals stable profitability and cash generation. However, without the current market price, the yield cannot be confirmed. The appointment of a new CEO adds a governance development to monitor.