Recommendation of the Final Dividend
KIRLFER · price
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Awaiting price reaction for this filing.
The board of Kirloskar Ferrous Industries met on 9 May 2025 and recommended a final dividend of ₹2.50 per equity share on a face value of ₹5, which works out to 50% for the financial year 2024–25. This dividend is subject to shareholder approval at the upcoming annual general meeting. In a separate decision, the board also approved raising up to ₹1,000 Crores through the issue of Non-convertible Debentures (NCDs), to be done in one or more tranches, also pending member approval. The company is a Kirloskar Group firm with its registered office in Pune, Maharashtra.
Eligible shareholders stand to receive ₹2.50 per share once the AGM approves the dividend, providing a steady income signal. The proposed ₹1,000 Crore NCD issuance is a sizeable debt-raising exercise and may modestly increase the company's leverage, which investors should watch for in upcoming quarterly results.