Munjal Showa Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 4.50 per equity share.
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Munjal Showa Limited's board has recommended a final dividend of Rs. 4.50 per equity share (225% on face value of Rs. 2) for FY 2025-26, subject to shareholder approval at the 41st AGM on August 24, 2026. The book closure is from August 6 to August 24, 2026. For the financial year ended March 2026, revenue from operations grew 5.2% to Rs. 13,154 lakhs, but profit after tax declined 24.2% to Rs. 2,187 lakhs compared to Rs. 2,887 lakhs in the previous year. The EPS for FY26 stood at Rs. 5.47 versus Rs. 7.22 in FY25. The profit decline was partly due to an exceptional charge of Rs. 220.02 lakhs from new labour code implementation and Rs. 322.51 lakhs in VRS separation costs. The statutory auditors gave an unmodified opinion on the audited financial results.
The dividend declaration signals management confidence despite lower profitability, which may provide some support to the stock price. However, the significant decline in net profit and EPS could weigh on investor sentiment, particularly if the market focuses on the earnings contraction rather than the dividend payout.