The annoucement is made in regards to the grievances received from shareholders regarding non receipt of Dividend.
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The company has clarified that the Board had recommended a final dividend of Rs. 1 per share (10% of face value of Rs. 10) for FY ending March 31, 2025, at its meeting on May 27, 2025. However, shareholders did not approve the dividend resolution at the Annual General Meeting held on September 25, 2025. As a result, no dividend was declared or paid. The Scrutinizer's Report dated September 29, 2025 has confirmed the resolution was not passed. The company stated it is addressing shareholder grievances and will consider future dividends based on profitability, cash flows, and business needs.
Shareholders will not receive the proposed Rs. 1 per share dividend for FY25 due to rejection at the AGM. The outcome may be viewed negatively by income-focused investors, though the company has indicated openness to future dividend reviews subject to financial performance.