Nitin Spinners Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 3 per equity share.
NITINSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Nitin Spinners Limited's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. The company reported total income of Rs. 3,21,386.69 lakhs for FY2026, relatively flat compared to Rs. 3,21,887.58 lakhs in FY2025. Profit after tax stood at Rs. 20,946.30 lakhs, up from Rs. 20,055.89 lakhs in the prior year, representing approximately 4.4% growth. The Board recommended a final dividend of Rs. 3 per equity share (30% on Rs. 10 face value), subject to shareholder approval at the ensuing AGM. The statutory auditors, M/s Kalani & Co LLP, issued an unmodified opinion on the financial results. The company also re-appointed M/s Vivek Laddha & Associates as Cost Auditors for FY2026-27.
The company demonstrated steady profitability growth with an unmodified audit opinion, indicating clean financial reporting. The 30% dividend payout signals confidence in the business while retaining capital for operations. For shareholders, this is a stable performance with consistent returns.