Ion Exchange (India) Limited has intimated the record date for final dividend of FY 2025-26.
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Ion Exchange India Ltd's Board recommended a final dividend of Rs. 1.25 per share (125% on face value of Re. 1) for FY 2025-26, subject to shareholder approval at the AGM. Record date is August 31, 2026. For the year, standalone revenue grew 5.5% to Rs. 2,678.91 crore, but profit after tax (PAT) declined 35% to Rs. 138.38 crore versus Rs. 214.48 crore in FY25, impacted by an exceptional charge of Rs. 14.54 crore due to new Labour Codes. Operating cash flow turned negative at Rs. 58.73 crore due to large working capital buildup (higher inventories and other assets). Auditors issued an unmodified opinion but included an Emphasis of Matter regarding the IEEFL subsidiary's ongoing SEBI dispute requiring Rs. 22.02 crore deposit.
The dividend declaration signals confidence but the 35% PAT decline and negative operating cash flow are concerning. The SEBI-related liability of Rs. 22.02 crore from the IEEFL subsidiary adds contingent risk. Investors should monitor working capital efficiency and the legal outcome in the subsidiary case.