Board Recommended a dividend @ 18% i.e. Rs. 1.80/- per equity shares of Rs. 10/- each for the financial year 2025-26 subject to the approval of shareholders at the ensuing AGM
PRAKASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prakash Industries Ltd board recommended a dividend of Rs. 1.80 per equity share (18% on Rs. 10 face value) for FY2025-26, subject to shareholder approval at the ensuing AGM. For FY2026, the company reported total revenue of Rs. 3,478.66 crore and PAT of Rs. 333.14 crore. However, revenue declined about 13% from Rs. 4,014.35 crore in FY2025, while PAT fell 6.3% from Rs. 355.45 crore. Auditors Chaturvedi & Co. LLP issued a qualified opinion due to deferred tax liability of Rs. 2,872 lakh adjusted against Securities Premium Account per a court order, instead of accounting under Ind AS-12. This qualification has been recurring since FY2016. The company extracted about 1 million MT of coal from Bhaskarpara Coal Mine in FY2026 and plans to increase capacity to 1.2 million MT per annum.
The dividend declaration is positive for shareholders but the qualified auditor opinion on deferred tax treatment and year-on-year revenue/profit decline may create concerns. The recurring qualification since 2016 indicates ongoing accounting disputes with auditors.