Outcome of Board meeting held on May 22, 2025
Price
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Awaiting price reaction for this filing.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2025, along with the auditor's report carrying an unmodified (clean) opinion. The Board recommended a final dividend of 50% (Rs. 5 per share on face value of Rs. 10), subject to shareholder approval. Mr. Annamalai Sankaralingam was re-appointed as a Non-Executive Non-Independent Director. M/s Samdani Shah & Kabra were appointed as Secretarial Auditor for a 5-year term, and Mr. Chirag Shah was named as the scrutinizer for e-voting at the upcoming AGM.
A clean audit opinion and a healthy 50% final dividend signal financial stability and shareholder-friendly capital distribution. The board-level decisions are routine governance items and are unlikely to cause major stock price movement on their own.