Outcome Of The Board Meeting Held On May 22, 2026
INDIGOPNTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indigo Paints Limited reported audited financial results for FY2026 with consolidated revenue from operations of Rs. 1,40,502 lakhs, up 4.8% from Rs. 1,34,067 lakhs in FY2025. Consolidated net profit grew 3.8% to Rs. 14,761 lakhs versus Rs. 14,216 lakhs previously. Standalone revenue increased 4.1% to Rs. 1,33,012 lakhs with standalone net profit at Rs. 14,539 lakhs, up 1% from Rs. 14,394 lakhs. An exceptional item of Rs. 585 lakhs (consolidated: Rs. 613 lakhs) was recorded due to new Indian labour codes requiring past service cost recognition, treated as non-recurring. The board recommended a final dividend of Rs. 5 per share (50%) subject to shareholder approval. Statutory auditors Price Waterhouse Chartered Accountants LLP issued unmodified (clean) opinions on both standalone and consolidated results. New appointments include DKV & Associates as Internal Auditor, Harshad S Deshpande & Associates as Cost Auditor, and two senior management additions.
Clean audit with steady profit growth signals financial stability. The labour code exceptional item is one-time and won't recur. Dividend declaration of Rs. 5/share provides shareholder returns. Revenue growth around 5% is moderate for the paints sector.