The Board approves dividend @ 1% on face value of Rs. 5/- each
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The Board of Kanoria Energy & Infrastructure Ltd, at its meeting held on 23rd May 2025, approved the audited financial results for Q4 and the full financial year ended 31st March 2025, along with an unmodified audit opinion from K. N. Gutgutia & Co. The Board has recommended a token dividend of 1% on face value, translating to Rs. 0.05 per equity share, for FY 2024-25, subject to shareholder approval at the upcoming AGM. A 5% dividend was also approved on Redeemable Preference Shares. Additionally, the Board appointed M/s Anil Somani & Associates as Secretarial Auditor for five years, Mr. Kailash Chandra Rathi as Internal Auditor for FY 2025-26, and reappointed M/s Vivek Laddha & Associates as Cost Auditor for FY 2025-26.
The dividend at just 5 paise per share is nominal and unlikely to attract yield-focused investors or materially affect the stock price. The focus for shareholders should be on the underlying profitability revealed in the audited FY25 results rather than the distribution. Other items are routine governance updates requiring shareholder nod at the AGM.