The Board of Directors in their meeting held today recommended a final dividend of Re.0.50/- (@5%) per equity share of Rs. 10/- each for the financial year 2025-26 ended on 31st March, ....
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The Board of Directors of Gujarat Craft Industries Ltd has recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the AGM. The company reported a significant decline in profitability with net profit falling 63.94% to Rs. 96.98 lakh from Rs. 268.62 lakh in the previous year, mainly due to lower revenue from operations (down 9.28% to Rs. 18,405.68 lakh) and an exceptional charge of Rs. 52.24 lakh related to new labour code implementation. The company also appointed new secretarial auditors to fill a casual vacancy caused by resignation.
The modest 5% dividend reflects the company's weakened financial performance in FY 2025-26. Shareholders may see limited upside from dividends given the substantial profit decline, though the dividend signals management's intent to maintain shareholder returns despite challenging conditions.