Board approved Dividend on the Cumulative Redeemable Preference Shares of the Company
GILLANDERS · price
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Gillanders Arbuthnot's Board has approved dividend payment on its 7.75% Cumulative Redeemable Preference Shares (face value Rs. 100 each) for two financial years - 2018-19 and 2019-20. This requires shareholder approval at the 92nd AGM scheduled for 3rd July 2026. The record date for preference shareholders is 26th June 2026. This appears to be a delayed/cumulative dividend payment spanning two fiscal years. The company also reported FY2026 standalone profit of Rs. 466.79 lakhs, down significantly from Rs. 1,503.87 lakhs in FY2025. Consolidated profit stood at Rs. 946.53 lakhs for the year.
This dividend approval is primarily relevant for preference shareholders rather than equity shareholders, as no equity dividend was declared. The multi-year cumulative payment suggests past operational challenges are being addressed. Equity shareholders should note the significant decline in profitability year-on-year.