Mukand Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
MUKANDLTD · price
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Mukand Limited's Board on May 16, 2025 approved audited standalone and consolidated financial results for Q4 and FY25 with an unmodified auditor opinion. FY25 standalone total income stood at Rs. 4,929.74 crore (vs Rs. 5,190.57 crore restated FY24) with profit after tax of Rs. 86.95 crore (vs Rs. 104.06 crore) and EPS of Rs. 6.02. The Board recommended a dividend of Rs. 2 per share (20%) on equity shares and 8% on cumulative redeemable preference shares, subject to shareholder approval at the 87th AGM. The Board also approved a slump sale of its Industrial Machinery Division (EOT Cranes and material handling equipment, contributing ~4.6% of revenue and ~4.5% of net worth) to wholly owned subsidiary Mukand Heavy Engineering Limited in exchange for equity shares, expected to complete by September 30, 2025. Additionally, DHC & Co. was re-appointed as statutory auditor for a second 5-year term, and Anant Khamankar & Co was appointed as secretarial auditor for FY26–FY30.
Modest dividend and slightly weaker FY25 earnings (PAT down ~16% YoY on restated basis) are neutral to mildly negative signals, while the slump sale to a wholly owned subsidiary is a restructuring move with no change in consolidated shareholding. Shareholders will see dividend within 30 days of the 87th AGM, subject to tax deduction at source.