HALEOS LABS LIMITED has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 1.50 per equity share.
HALEOSLABS · price
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Haleos Labs held its 97th Board Meeting on May 29, 2026, recommending a final dividend of Rs. 1.50 per share (15% on Rs. 10 face value), subject to shareholder approval at the ensuing 20th AGM. The company reported standalone net profit of Rs. 1,777.68 lakhs and consolidated net profit of Rs. 1,780.03 lakhs for FY26, both showing decline from FY25 (standalone profit down from Rs. 2,137.08 lakhs). Mrs. Sundaramma Patibandla resigned as Independent Director, and Mrs. Sudeepthi Gopineedi was reappointed as Whole-time Director for 5 years. The Board reconstituted Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees. New statutory auditors M/s Suryanarayana & Suresh were appointed for 5 years.
The dividend provides a modest ~1.5% yield at current prices. However, the decline in profits year-on-year and resignation of an independent director may concern investors. The company is seeking shareholder approval via postal ballot for several key proposals including director reappointment and managerial remuneration.