Dear Sir / Madam, This is to inform that the Board of Directors at their meeting held today i.e. 15th May, 2026 have recommended the final dividend for the financial year ended 31st ....
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Oseaspre Consultants Limited reported FY2026 audited results showing a significant deterioration in core operations. Revenue from operations dropped to NIL from Rs.18 lakhs in FY2025. The company posted a net loss of Rs.18.28 lakhs compared to a profit of Rs.3.98 lakhs in the previous year. However, total comprehensive income came in at Rs.142.28 lakhs (vs Rs.3.98 lakhs) due to Rs.178.52 lakhs gain from sale of equity instruments under OCI. Operating cash flow remained negative at Rs.21.92 lakhs. Despite the operational loss, the Board recommended a final dividend of Rs.87 per equity share of Rs.10 each. The auditors issued an unmodified opinion. Book closure is from June 13-19, 2026, with record date June 12, 2026, and AGM on June 19, 2026. Auditors changed from Kalyaniwalla & Mistry LLP to Manek & Associates.
The company is operationally weak with zero revenue and continued losses, but strong cash position (Rs.209.83 lakhs) and one-time gains support the generous dividend. Shareholders may view the dividend positively in the short term, but the underlying business deterioration is concerning for long-term investors.