Recommendation of the final dividend and fund raising by issue of debt securities
KIRLFER · price
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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. Separately, the board has approved seeking shareholder consent to raise funds up to ₹1,000 Crores by issuing Non-convertible Debentures (NCDs) in one or more tranches. No timeline for the NCD issuance has been announced yet, and the move will also need to be cleared by members at the AGM.
Shareholders may receive the proposed ₹2.50 dividend once the AGM approves it, while the proposed ₹1,000 Crores debt raise signals upcoming capex or refinancing plans without diluting equity, though higher interest costs are likely.