The record date for determining the members eligible to receive the dividend will be Thursday, September 4, 2025.
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Awaiting price reaction for this filing.
At its May 28, 2025 meeting, the board approved audited FY25 results along with a 5% dividend (Rs 0.50 per share on Rs 10 face value), subject to shareholder approval. The company posted a sharp turnaround, with revenue nearly doubling to about Rs 238 crore in FY25 from Rs 125 crore in FY24, and profit before tax swinging from a Rs 8.3 crore loss last year to roughly Rs 91 crore this year. The auditor (Divya K R and Associates) issued an unmodified opinion. Results were boosted by the Rs 146.5 crore sale of the company's stake in JV Al-Tamman Indsil Ferro Chomes (FZC) LLC, but were also weighed by recognition of about Rs 108 crore in fuel and power purchase cost adjustment (FPPCA) liability for FY23 to FY25 under an AP Electricity Regulatory Commission order. The 35th AGM is set for September 11, 2025 via video conference, and the record date for dividend eligibility is September 4, 2025.
Shareholders on the books as of September 4, 2025 stand to receive Rs 0.50 per share. The strong earnings swing is positive, but the large FPPCA charge and reliance on one-time JV sale proceeds suggest investors should watch underlying operating performance closely.