Harsha Engineers International Limited has informed the Exchange that Record date for the purpose of Dividend is 29-Aug-2025.
HARSHA · price
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Harsha Engineers' board, which met on May 8, 2025, approved audited standalone and consolidated financial results for Q4 and FY25, both carrying an unmodified auditor opinion. The board recommended a final dividend of Re. 1 per share (10% on face value of Rs. 10), subject to shareholder approval at the 15th AGM on September 12, 2025; the record date is fixed as August 29, 2025 and book closure runs September 6-12, 2025. Standalone FY25 revenue was largely flat at Rs. 1,08,930 lakh, but profit after tax fell sharply to Rs. 3,536 lakh from Rs. 12,691 lakh in FY24, dragged by a Rs. 9,501 lakh exceptional impairment on the European subsidiary (Harsha Engineers Europe SRL-Romania) and Rs. 1,999 lakh of bad-debt write-offs in the Solar-EPC segment in Q4. Consolidated FY25 PAT also declined to Rs. 8,931 lakh (from Rs. 11,143 lakh) with EBITDA margin slipping to 13.14% from 14.43%. The board also appointed a new secretarial auditor for five years and reappointed cost and internal auditors for FY26.
Shareholders get a modest Re. 1 per share dividend, but the big FY25 profit drop — mainly from the one-time Romania subsidiary write-down and Solar-EPC bad debts — is a negative signal for earnings quality and may weigh on the stock in the near term. Investors should track the ex-date/record date of August 29, 2025 to be eligible for the dividend and AGM voting.