GOCL Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 30 per equity share.
GOCLCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GOCL Corporation Limited's Board meeting on May 29, 2026 approved several key items. The Board recommended a final dividend of Rs. 30 per share (1500%) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported consolidated net profit of Rs. 1,52,194.70 lakhs for FY 2026, boosted significantly by gains from asset sales including the sale of IDL Explosives Limited (Rs. 14,150.75 lakhs gain) and land parcel sales at Kukatpally, Hyderabad. The Board also approved a proposal to provide security and corporate guarantee of up to Rs. 300 crores for Hinduja Energy (India) Limited loans. Additionally, the Board ratified corporate guarantees of Rs. 1,31,600 lakhs that were not previously processed as related party transactions, now seeking post-facto shareholder approval. The proposed merger of Hinduja National Power Corporation Limited into GOCL is also pending regulatory approvals.
The dividend declaration signals strong financial health and shareholder-friendly approach, boosted by exceptional gains from divestments. However, the related party transaction governance issue regarding unregistered corporate guarantees carries regulatory risk and may attract SEBI scrutiny, though the company claims no material impact.