BSENaturewings Holidays LtdMediumPositive
Announced Fri, 1 Aug · 17:16 IST

Outcome of Board Meeting

Corporate Actions View source PDF

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AI summary

Naturewings Holidays Ltd's board, which met on August 1, 2025, approved the Director's Report for FY25 and recommended a final dividend of ₹1.50 per equity share (face value ₹10) for FY 2024-25, payable by October 1, 2025. The board also approved a preferential issue of up to 4,99,200 equity shares at ₹75 each to 13 non-promoter allottees, subject to shareholder and regulatory approvals. Additionally, it appointed M/s K Jatin & Co. as Secretarial Auditor and M/s Prithviraj & Co. as Internal Auditor for FY26, and onboarded Ms. Dibyava Raha as an Additional Non-Executive Non-Independent Director (related to the MD). An ESOP scheme was discussed and will be taken up in a future meeting, and the 7th AGM is scheduled for August 25, 2025.

Likely market impact

Shareholders stand to receive a ₹1.50 dividend per share if approved at the AGM, while the preferential allotment of nearly 5 lakh shares at ₹75 will modestly dilute existing shareholders and bring in roughly ₹3.74 crore from non-promoter investors. The new director appointment reflects a family-linked addition to the board, which investors should note for governance reasons.