Recommended a dividend of Re. 0.05 against the face value of Re. 1 of equity share of the Company.
MANAKALUCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.6 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Manaksia Aluminium Company Ltd has recommended a final dividend of Rs. 0.05 per equity share (5% of face value of Rs. 1) for the financial year ended 31st March 2026. This is subject to shareholder approval at the ensuing Annual General Meeting. The company reported audited standalone net profit of Rs. 755.61 lakh for FY2026, up from Rs. 604.58 lakh in the previous year, representing approximately 25% year-on-year profit growth. Total revenue stood at Rs. 5,647.32 crore for the year. The dividend, if approved, will be paid within 30 days of declaration at the AGM. The record date for determining shareholder eligibility will be intimated separately.
The recommended dividend of Rs. 0.05 per share represents a modest payout, consistent with the company's conservative dividend policy. The 25% rise in net profit is positive, but the low dividend per share (on a Rs. 1 face value) suggests limited near-term impact on stock price from dividend income. This is a routine announcement with neutral to slightly positive sentiment.