Board has recommended 10% ie., Rs.1 per equity share, subject to approval of the shareholders at the ensuing annual general meeting
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The board has recommended a dividend of 10% i.e., Rs.1 per equity share, which is subject to approval from shareholders at the upcoming Annual General Meeting. For context, the company's equity share capital is Rs. 904.15 lakhs. The recommendation comes after a strong financial year where profit before tax more than sextupled from Rs. 154.35 lakhs (FY2024-25) to Rs. 1,015.55 lakhs (FY2025-26). Total dividend outflow would be approximately Rs. 90.4 lakhs based on share count. This appears to be a maiden or improved dividend as the company reported significantly higher profitability this year.
Shareholders can expect a modest cash return if approved at AGM. The massive jump in profits (557% YoY) suggests the company is in a stronger financial position, which could support the stock price near term despite the small absolute dividend amount.