Q2 results, Rs 0.35 interim dividend, new bank facilities approved
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts more than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board on Nov 12 approved Q2 and H1 FY26 unaudited results and declared an interim dividend of Rs 0.35 per share (face value Rs 1). Record date is Nov 18, 2025, payment by Dec 11, 2025. Company also raised secured term loan of Rs 22.2 crore from ICICI Bank and Kotak Mahindra Bank sanctioned fresh facilities of Rs 172 crore (cumulative secured Rs 282 crore). DBS Bank added Rs 75 crore unsecured facility (cumulative Rs 175 crore).
Modest dividend payout signals confidence; sizable fresh credit lines from three banks indicate growth funding or working capital expansion.