Ganges Securities Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of 0 per equity share.
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The Board of Directors of Ganges Securities Limited, at its meeting held on May 14, 2025, approved the audited standalone and consolidated financial results for the financial year ended March 31, 2025. Key takeaway: the Board has not recommended any dividend on equity shares for FY25, against the implied expectation of a final dividend (headline noted Final Dividend of Rs 0 per share). On a standalone basis, net profit fell sharply to Rs 388.54 lakhs from Rs 689.80 lakhs in FY24, while total income declined to Rs 812.18 lakhs from Rs 1,102.65 lakhs. On a consolidated basis, net profit improved to Rs 506.21 lakhs (FY24: Rs 347.90 lakhs), aided by the tea business subsidiary. The Board also appointed M/s M R & Associates as Secretarial Auditors for FY26–FY30 and M/s M Parasrampuria & Co. as Internal Auditors for FY26.
Shareholders will not receive any dividend for FY25, which is likely to be viewed negatively and may weigh on the stock price. Additionally, standalone earnings nearly halved year-on-year, and investors should note the Rs 181.84 lakh fraud by the former CFO of the wholly-owned subsidiary Cinnatolliah Tea Limited, though management states no further liability is expected.