Mallcom (India) Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2025, recommended Final Dividend of Rs. 3 per equity share.
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Mallcom (India) Limited's Board of Directors met on May 19, 2025, and approved several key items. The Board recommended a final dividend of Rs. 3 per equity share (30% on face value of Rs. 10) for FY2024-25, subject to shareholder approval. The Board also approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Additionally, the Board approved a Scheme of Amalgamation to merge its wholly-owned subsidiary Mallcom VSFT Gloves Private Limited (FY25 turnover of Rs. 3,291.77 lakhs) into the parent company, as both operate in the Personal Protective Equipment (PPE) sector. Mr. Giriraj Mall was re-appointed as Executive Director for another 5-year term (June 1, 2025 to May 31, 2030), and G C R A & Associates LLP was re-appointed as Internal Auditor for FY2025-26.
Shareholders will receive a Rs. 3 per share dividend pending AGM approval, providing modest income. The amalgamation with the wholly-owned subsidiary will simplify the corporate structure and may bring operational synergies, but since VSFT is already wholly owned, there will be no change in shareholding pattern. Investors should watch for the record date announcement and the detailed financial results for profitability trends.