Fairchem Organics Limited has informed the Exchange that Record date for the purpose of Dividend is 20-Jul-2026.
FAIRCHEMOR · price
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Fairchem Organics Limited reported audited financial results for FY26 with significant profit decline. Revenue fell to Rs. 45,965 Lakhs from Rs. 53,790 Lakhs in FY25, while Profit After Tax dropped sharply to Rs. 554 Lakhs from Rs. 2,197 Lakhs (down ~75% YoY). The Board recommended a dividend of Rs. 1 per equity share (10% on Rs. 10 face value), subject to shareholder approval at the 7th AGM on July 27, 2026. The record date for determining dividend eligibility is July 20, 2026. The company also completed a buyback of 4,25,000 shares at Rs. 800 per share in January 2026, which contributed to reduced share capital. Statutory auditors BSR & Co issued an unmodified opinion on the financial results.
The steep profit decline despite the share buyback is concerning for shareholders. The modest 10% dividend offers minimal returns given the current market price around Rs. 800, implying a low yield of approximately 0.125%. Investors should monitor the upcoming AGM for management commentary on the business turnaround strategy.