Omax Autos Limited has informed the Exchange that Board of Directors at its meeting held on July 24, 2025, recommended Final Dividend of Rs. 2.5 per equity share.
OMAXAUTO · price
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Omax Autos' board, at its July 24, 2025 meeting, approved unaudited Q1 FY26 results with revenue from operations rising to Rs. 99.64 crore from Rs. 84.20 crore in Q1 FY25, and total income of Rs. 110.42 crore versus Rs. 91.88 crore. The board recommended a final dividend of Rs. 2.5 per equity share (25%) on a face value of Rs. 10 for FY25, subject to shareholder approval at the AGM on August 29, 2025, with record date fixed as August 22, 2025. Devashish Mehta resigned as CFO (effective July 24, 2025) but will continue as Managing Director, with Sanjeev Kumar appointed as the new CFO from July 25, 2025. Ms. Kannu Sharma was appointed as the new Company Secretary, and several directors including Vice Chairman Jatender Kumar Mehta and Whole-Time Director Tavinder Singh were re-appointed. Cost Auditor M/s JSN & Co. and Secretarial Auditor M/s DR Associates (5-year term) were also appointed.
The dividend recommendation rewards shareholders, while revenue growth of around 18% year-on-year signals operational momentum. The CFO change combined with re-appointments of key directors suggests a management restructuring aimed at the company's future direction; investors should watch for clarity on strategic priorities going forward.