Announced Mon, 27 Jul · 17:03 IST

Board okays Rs 1.60 dividend, ESOP 2026 scheme for up to 2 lakh options

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AI summary

The board approved a final dividend of Rs 1.60 per share (face value Rs 10) for FY 2025-26, subject to shareholder approval at the AGM. Payment is due by 30 September 2026. The board also cleared ESOP 2026, allowing up to 2,00,000 stock options convertible into equity shares for permanent employees and directors. The 8th AGM is scheduled for 31 August 2026 via video conferencing.

Likely market impact

Dividend rewards shareholders; ESOP may cause minor equity dilution if all 2 lakh options are exercised and vested.