Plastiblends India Limited has informed the Exchange that Board of Directors at its meeting held on April 27, 2026, recommended Final Dividend of Rs. 3 per equity share of the face value of Rs. 5/- each.(i.e. @60%), subject to approval of shareholders in ensuing AGM
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Plastiblends India Limited's Board of Directors met on April 27, 2026, and approved the audited financial results for FY2026. The company reported revenue from operations of Rs. 78,866 Lakhs (up 1.05% YoY) and net profit of Rs. 3,669 Lakhs (up 9.71% YoY). The Board recommended a final dividend of Rs. 3 per equity share (60% payout) compared to Rs. 2.50 per share (50%) in the previous year. EBITDA margin improved to 8.38% from 7.87% YoY. The Board also approved the re-appointment of Mr. Varun S. Kabra as Vice-Chairman & Managing Director for 5 years, and appointed new Cost and Internal Auditors for FY2026-27. The company noted geopolitical pressures on raw material costs due to Iran-USA tensions but remains net cash surplus with Rs. 4,109 Lakhs invested in mutual funds.
The 20% increase in dividend per share signals management confidence in the company's financial health and cash generation ability. The strong profit growth and improved margins are positive indicators for shareholders, though rising input costs due to geopolitical factors may pose near-term challenges.