Ponni Sugars (Erode) Limited has informed the Exchange that Record date for the purpose of Dividend is 05-Jun-2026.
PONNIERODE · price
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Ponni Sugars reported strong FY2025-26 results with net profit more than doubling to Rs 4,803 lakhs from Rs 1,928 lakhs, driven largely by a favorable APTEL electricity tariff judgment that contributed Rs 4,523 lakhs in exceptional items. Total income rose 15.6% to Rs 42,946 lakhs. The Board declared a dividend of Rs 5 per equity share (face value Rs 10) for FY2025-26, subject to shareholder approval at the June 24, 2026 AGM. The record date to determine eligible shareholders for the dividend is June 5, 2026. EPS improved significantly to Rs 55.85 from Rs 22.42. However, the company also faced tax department scrutiny on transfer pricing matters, writing down Rs 2,053 lakhs in MAT credit and creating additional tax provisions.
The strong profit growth and dividend declaration are positive for shareholders. However, the exceptional gains from the APTEL judgment inflate current year profits, and shareholders should be cautious about underlying operational performance. The tax department's transfer pricing challenge adds uncertainty to future tax liabilities.