Fixation of Record Date for final dividend for FY 2025-26
Awaiting price reaction for this filing.
The Board of Directors approved the audited financial results for FY 2025-26, reporting a net profit of ₹15.70 lakh (compared to a loss of ₹468.56 lakh in FY 2024-25), driven primarily by the High Tension Insulators segment. The Board recommended a final dividend of Rs. 0.50 per equity share (25% on face value of Rs. 2 each) for FY 2025-26, with the record date fixed as June 19, 2026. Additionally, the Board approved a bonus issue in the ratio of 2:1, meaning shareholders will receive 2 new fully paid-up bonus equity shares for every 1 existing share held, subject to shareholder approval. The company also underwent a stock split earlier in March 2026, subdividing each equity share of face value Rs. 10 into 5 shares of Rs. 2 each. Post-bonus, total equity shares will increase from 72,14,425 to 2,16,43,275.
The bonus issue (2:1) will significantly increase the share count, improve liquidity, and make shares more affordable for retail investors. The small dividend and return to profitability are positive signals, though the large bonus expansion will dilute per-share metrics until earnings catch up.