Gujarat Pipavav Port Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
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Gujarat Pipavav Port Limited's Board of Directors approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, along with the Annual Report including Directors Report, Corporate Governance Report, and MD&A. The Board recommended a final dividend of Rs. 5.00 per equity share, payable to shareholders on record as of September 2, 2026, subject to shareholder approval at the 34th AGM scheduled for September 9, 2026. Additionally, Dr. Ajay Kumar, IAS, Vice Chairman & CEO of Gujarat Maritime Board, was appointed as Nominee Director per the Concession Agreement requirement, bringing the Board into compliance with SEBI LODR Regulations.
The recommended dividend of Rs. 5 per share offers shareholders a direct cash return, while the AGM provides a timeline for formal approval. The appointment of a Gujarat Maritime Board representative strengthens the company's governance compliance and may signal continued government-backed operational support.