Fixed Record Date for Interim Dividend.
Price
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Awaiting price reaction for this filing.
Meera Industries' board has fixed Friday, 28 November 2025 as the record date for an interim dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY 2025-26. Uniquely, the dividend will be paid only to public-category shareholders — promoters Dharmesh Desai and Bijal Desai have voluntarily waived/forgone their right to receive it. The board also approved the unaudited Q2 FY26 (quarter ended 30 Sept 2025) results: standalone revenue from operations came in at Rs. 967.38 lakhs with profit after tax of Rs. 52.85 lakhs, showing a sequential decline from Q1 FY26 (PAT Rs. 64.78 lakhs) and a sharp year-on-year drop from Q2 FY25 (PAT Rs. 128.86 lakhs). Consolidated revenue was Rs. 968.87 lakhs with PAT of Rs. 52.75 lakhs. Additionally, CFO Mr. Vinod Ojha resigned effective 30 November 2025 to pursue opportunities outside the organization.
The dividend is small in absolute terms (Rs. 0.50/share) and is restricted only to public shareholders since promoters have waived their share, limiting the overall cash outflow for the company. However, weak Q2 earnings — both sequential and year-on-year declines in both revenue and profit — may weigh on the stock, while the unexpected CFO exit just weeks later could raise near-term governance concerns among investors.