The Board of Directors at their meeting held on May 21,2025 have declared Interim dividend of Rs.0.10 per share. The record date for the said Dividend is 30th May,2025.
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Awaiting price reaction for this filing.
The board, which met on May 21, 2025, approved audited consolidated financial results for FY25 showing net profit after tax of Rs. 978.95 lakhs, more than tripling from Rs. 317.57 lakhs in FY24, with EPS of Rs. 8.50 vs Rs. 2.92. The company declared a small interim dividend of Rs. 0.10 per share (on Rs. 10 face value), with record date set as May 30, 2025. The board also recommended a 1:1 bonus issue (one bonus share for every one held), to be funded from free reserves, which will double the share count from about 1.09 crore shares to 2.17 crore shares. To accommodate the bonus, authorised share capital is being raised from Rs. 20 crore to Rs. 25 crore, subject to shareholder approval at the EGM on June 13, 2025. Additionally, Mr. Dhaval Lapasia was appointed as CEO effective July 1, 2025.
For shareholders: The 1:1 bonus will double their shareholding at no extra cost, but the share price typically adjusts downward to reflect the dilution, so overall value is usually unchanged ex-bonus. The interim dividend is very small (Rs. 0.10 per share) and likely has little impact on stock price. Strong FY25 profit growth is the main positive signal from this filing.