Finolex Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, declared Special Dividend of Rs. 0.75 per equity share, subject to approval of Members at the ensuing Forty Fifth Annual General Meeting.
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Finolex Industries reported FY26 standalone profit after tax of ₹580.34 crore, down 25% from ₹777.86 crore in FY25, primarily due to lower other income. Consolidated PAT stood at ₹599.05 crore (vs ₹800.03 crore last year). The Board recommended a final dividend of ₹2 per share plus a special dividend of ₹0.75 per share, totaling ₹2.75 per share (137.5% on face value of ₹2), subject to shareholder approval at the 45th AGM. Revenue from operations remained flat at ₹4,113 crore. The company posted an exceptional gain of ₹416.99 crore in FY25 from transfer of leasehold land rights. Auditors issued an unmodified opinion on both standalone and consolidated financials.
The profit decline of about 25% YoY may disappoint investors, but the maintained dividend payout demonstrates board confidence. The special dividend is a positive signal for shareholder returns despite lower earnings.