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The board of Naturewings Holidays Ltd met on August 1, 2025 and approved several key items. A final dividend of ₹1.50 per equity share (face value ₹10) has been recommended for FY 2024-25, subject to shareholder approval, to be paid by October 1, 2025. The board also approved issuing up to 4,99,200 equity shares at ₹75 each on a preferential basis to 13 non-promoter allottees, which would raise approximately ₹3.74 crore. Additionally, the company appointed a new secretarial auditor, an internal auditor for FY 2025-26, and Ms. Dibyaya Raha (related to the Managing Director) as an Additional Non-Executive Non-Independent Director. The 7th Annual General Meeting has been scheduled for August 25, 2025.
The ₹1.50 dividend represents a modest payout (roughly 2% yield at the ₹75 issue price), while the preferential issue at ₹75 to non-promoters will dilute existing shareholders' holdings. The director appointment of a family member of existing directors may raise governance concerns among some investors.