Board approves Rs 0.50 dividend; plans migration to BSE/NSE Main Board
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Khazanchi Jewellers' board declared a Rs 0.50 per share dividend (5% on face value of Rs 10) for FY ended March 31, 2026, payable within 30 days of the AGM on August 10, 2026. The board also approved migrating the company's listing from the BSE SME Platform to the Main Board of BSE and NSE, subject to shareholder approval. The Dividend Distribution Policy was revised, and a scrutinizer was appointed for the AGM.
Main Board migration may boost liquidity, visibility and institutional interest. Dividend is modest at Rs 0.50 per share.