PPAP Automotive Limited has informed the Exchange that Board of Directors at its meeting held on May 11, 2026, recommended Final Dividend of Rs. 1.5 per equity share.
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PPAP Automotive Limited's Board meeting on May 11, 2026 approved multiple matters. The company recommended a final dividend of Rs. 1.5 per equity share (face value Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. For the year ended March 2026, standalone net profit more than doubled to Rs. 3,343.48 lakhs from Rs. 1,409.27 lakhs in the previous year, boosted by a one-time gain of Rs. 4,978.61 lakhs from sale of joint venture stake, though this was partially offset by Rs. 1,711.61 lakhs impairment loss. Standalone revenue remained flat at Rs. 53,629.54 lakhs. The Board also approved merger of wholly-owned subsidiary Avinya Batteries Limited and slump sale of Tooling Business to Meraki Precision Tool Engineering Limited.
The doubling of net profit is positive but largely driven by exceptional gains; core operational performance was weaker. The dividend of Rs. 1.5 per share is maintained at previous year's level. The merger and slump sale indicate corporate restructuring that could simplify the group structure going forward.