Recommended a dividend of Rs. 0.70/- per equity share of face value Rs. 2/- each for the financial year ended March 31, 2026, subject to the approval of the shareholders at the ensuing ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited standalone financial results for Q4 and FY26 ended March 31, 2026. The company reported total revenue of Rs. 5,528.76 lakhs, a significant turnaround from Rs. 904.78 lakhs in FY25, largely driven by dividend income of Rs. 5,175.27 lakhs from investments. Profit after tax stood at Rs. 4,791.30 lakhs compared to a loss of Rs. 217.71 lakhs in the previous year. The Board recommended a final dividend of Rs. 0.70 per equity share (face value Rs. 2 each) for FY26, subject to shareholder approval at the ensuing AGM. The audit opinion is qualified due to the ongoing SFIO investigation against the IL&FS group, and the auditors have raised going concern uncertainty. Consolidated financials could not be finalized as one subsidiary's audited statements are pending.
The strong profit turnaround and dividend recommendation are positive signals for shareholders. However, the qualified audit opinion, going concern uncertainty, and ongoing IL&FS group resolution process continue to add risk. The dividend amount appears modest relative to profits.