Outcome of meeting of the Board of Directors held on May 06, 2026 approving financial results, dividend and other matters is enclosed. The meeting of the Board of Directors commenced at 12:15 hrs and concluded at 13:45 hrs. (IST).
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Rane (Madras) Limited reported strong FY2026 results with standalone revenue from operations growing 13.4% to Rs. 3,862.92 crore from Rs. 3,405.75 crore. Standalone profit after tax more than doubled to Rs. 107.48 crore from Rs. 37.65 crore, while consolidated PAT rose 124% to Rs. 111.44 crore from Rs. 49.61 crore. The board recommended a dividend of Rs. 16 per share (160% of face value) for FY2025-26, subject to shareholder approval at the August 5, 2026 AGM. Exceptional items of Rs. 3.47 crore relate to voluntary retirement scheme costs. The auditors BSR & Co. LLP issued an unmodified (clean) opinion on both standalone and consolidated results. The company also entered an agreement to sell 3.48 acres of land in Velachery for Rs. 361.18 crore, with Rs. 145 crore advance received.
Double-digit PAT growth and a clean audit signal operational strength. The 160% dividend payout demonstrates management confidence. The land sale transaction provides near-term cash inflow visibility.