Dividend recommended by the board today''s meeting Rs.1 per equity share (10%)
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The Board of Directors of Kovilpatti Lakshmi Roller Flour Mills Ltd has recommended a dividend of Rs.1 per equity share (10% on face value of Rs.10) at its meeting held on May 29, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting. For the financial year ended March 31, 2026, the company reported a profit before tax of Rs.1,015.55 lakhs, a significant improvement from Rs.154.35 lakhs in the previous year. The total equity of the company stands at Rs.7,456.14 lakhs. The dividend recommendation aligns with the company's improved financial performance during the year.
The recommendation of a 10% dividend signals the company's improved profitability and cash generation capacity. If approved at the AGM, shareholders can expect a modest return on their investment, reflecting the board's confidence in the company's financial health.