NIBE Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 1.30 per equity share.
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NIBE Limited's Board met on May 29, 2026, and approved the audited standalone and consolidated financial results for FY ended March 31, 2026, with an unmodified opinion from statutory auditors Kailash Chand Jain & Co. The Board recommended a final dividend of Rs. 1.30 per equity share (face value Rs. 10) for FY2025-26, subject to shareholder approval at the ensuing AGM. The company also confirmed no deviation in utilization of Rs 104.47 crore raised via preferential allotment on March 5, 2026, with Rs 7,500 lakhs used for debt repayment and Rs 2,310.66 lakhs for working capital. An unutilized amount of Rs 6.37 crore remains in the current account. CRISIL Ratings Limited is the monitoring agency for the fund utilization.
The dividend recommendation of Rs. 1.30 per share signals positive cash flow generation and shareholder-friendly governance. Clean audit opinion with no fund utilization deviations reinforces financial transparency. However, without the current market price, the dividend yield cannot be assessed.