The Board in its meeting held on today i.e. 26.05.2025, has approved and recommended the final Dividend for financial year 2024-25.
MAJESAUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Majestic Auto's Board has recommended a final dividend of 50% (Rs. 5 per share) for FY 2024-25, taking the total dividend for the year to 100% (Rs. 10 per share including an interim dividend of Rs. 5 already paid). The record date is fixed as August 1, 2025 and the AGM is scheduled for August 8, 2025. However, standalone FY25 results swung to a loss of Rs. 336.17 lakh versus a profit of Rs. 2,325.17 lakh last year, with revenue from operations falling sharply to Rs. 2,443.67 lakh from Rs. 4,823.40 lakh. The company is paying the dividend out of accumulated reserves (other equity of about Rs. 566 crore on a standalone basis). The Board also approved audited financial results, appointment of new secretarial auditors, re-appointment of a director, shifting of the registered office within Delhi, and AGM-related items.
The full-year Rs. 10 dividend is a generous payout despite a standalone loss, supported by strong reserves and should appeal to income-focused shareholders until the August 1 record date; however, weak operating revenue and a swing to losses may weigh on investor sentiment.