Rajratan Global Wire Limited has informed the Exchange regarding Outcome of Board Meeting held on April 21, 2025.
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The Board of Rajratan Global Wire met on April 21, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025, with auditors issuing an unqualified opinion. The Board recommended a final dividend of Rs. 2 per equity share (100%) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The company announced a capacity addition plan of 12,000 TPA for Black Wire, with existing capacity already running at 95-100% utilization. The expansion will require an investment of about Rs. 50 Crores, funded through debt and internal accruals. The Chennai greenfield project commenced production in a phased manner from August 2024. Additionally, Mr. Sanjeev Sood was re-appointed as Independent Director for a second term of five years starting April 21, 2025.
Shareholders can expect a Rs. 2 per share dividend pending AGM approval. The Rs. 50 Crore capex signals growth ambitions but also added debt, while near-full capacity utilization supports revenue growth potential.