We wish to inform you that the Board of Directors of the Company at their meeting held on May 25, 2026, had recommended a dividend of Rs. 0.60 per share (6%) on the equity shares of Rs. ....
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The Board of Directors at their meeting on May 25, 2026 approved the audited standalone and consolidated financial results for the year ended March 31, 2026. Total income stood at Rs. 15,460.28 Lakhs showing modest growth from Rs. 14,474.52 Lakhs in the previous year. Profit After Tax (PAT) for the year was Rs. 1,521.14 Lakhs, marginally higher than Rs. 1,499.77 Lakhs in FY2025. Basic and Diluted EPS remained stable at Rs. 5.40 per share. The Board recommended a dividend of Rs. 0.60 per share (6%) on the face value of Rs. 10 each, subject to shareholder approval at the 36th AGM scheduled for September 17, 2026. The company also appointed Cost and Internal Auditors for FY2026-27 and re-appointed two Independent Directors for second terms. The auditors (Divya K R and Associates) issued an unmodified opinion with no qualifications. Notably, the company's shareholding structure changed - it ceased to be a subsidiary of Sunmet Holdings Pvt Ltd (50.11%) and is now classified as an associate company (49.95%).
The company shows stable financial performance with marginal profit growth. The 6% dividend yield suggests conservative profit distribution. The change in shareholding structure from subsidiary to associate may impact future consolidation and investor sentiment. Shareholders can expect dividend payout if approved at the September AGM.