Board approves Rs 0.50 dividend, SME to main board migration
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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 approved a dividend of Rs 0.50 per share (5 percent on face value of Rs 10) for FY ending March 31, 2026, payable within 30 days of the AGM subject to shareholder approval. The 31st AGM is scheduled for August 10, 2026 via video conferencing. The board also approved migrating the listing from the BSE SME platform to the main board of BSE and NSE, subject to shareholder approval. A scrutinizer was appointed for the AGM voting process and the dividend distribution policy was revised.
Main board migration may lift liquidity, visibility and institutional interest. Dividend on face value is modest; await record date details.