The Board of Directors recommended a dividend of Rs.6/- per equity share of Re.1/- each.
ISGEC · price
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ISGEC Heavy Engineering's Board of Directors has recommended a final dividend of Rs.6 per equity share (600% of face value Re.1) for financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. If approved, the dividend will be paid within 30 days of declaration. The company reported strong standalone profit growth with net profit of Rs.34,675 lakhs, up 18% from Rs.29,374 lakhs in the previous year. Standalone revenue from operations increased to Rs.522,863 lakhs from Rs.501,826 lakhs year-on-year. The Board also approved a capital expenditure of Rs.25 crore for capacity expansion at the Steel Castings division in Muzaffarnagar, Uttar Pradesh.
The dividend recommendation signals financial health and confidence in the company's profitability. The 18% rise in net profit and consistent revenue growth are positive indicators for shareholders ahead of the AGM.