Outcome of Board meeting for consideration and recommendation of final dividend for the FY 2025-26, subject to the approval of members at the ensuing Annual General Meeting.
Awaiting price reaction for this filing.
The Board of Directors approved the audited financial results for FY 2025-26 showing total income of ₹34,566.01 Lakhs, a 24% increase from ₹27,887.52 Lakhs in the previous year. However, the company reported a net loss of ₹(787.40) Lakhs, which worsened from the previous year's loss of ₹(179.98) Lakhs. The auditors issued an unmodified opinion on the financial statements. The Board recommended a final dividend of Rs. 0.50 per equity share (25% of face value Rs. 2/-) for FY 2025-26, subject to shareholder approval at the AGM with record date June 19, 2026. Additionally, the Board approved a bonus share issuance in the ratio of 2:1 (2 new shares for every 1 existing share), with approximately 1.44 crore bonus shares to be credited by July 26, 2026. The company generated positive operating cash flow of ₹498.30 Lakhs during the year.
Shareholders can expect improved liquidity and affordability of shares due to the bonus issue. The dividend provides a modest return. However, the widening net loss despite revenue growth may concern investors, though the positive operating cash flow and clean audit opinion offer some comfort.