Rane (Madras) Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2026, recommended Final Dividend of Rs. 16 per equity share.
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Rane (Madras) Limited reported strong financial performance for FY2025-26 with standalone revenue from operations growing 13.4% to Rs. 3,862.92 Crore from Rs. 3,405.75 Crore in the previous year. Standalone profit after tax more than doubled to Rs. 107.48 Crore from Rs. 37.65 Crore, while basic EPS improved significantly to Rs. 38.89 per share from Rs. 13.62. The Board recommended a final dividend of Rs. 16 per equity share (160% on face value of Rs. 10) for shareholder approval at the 22nd AGM scheduled for August 5, 2026. The company also announced a land sale agreement for 3.48 acres in Velachery to Canopy Living LLP for Rs. 361.18 Crore, with Rs. 145 Crore advance received. Additionally, the mergers of Rane Brake Lining Limited and Rane Engine Valve Limited with the company became effective from April 1, 2024.
The strong profit growth and dividend recommendation are positive signals for shareholders. The Rs. 16 per share dividend provides direct returns while the land sale transaction could provide significant cash inflows. Without current stock price data, the dividend yield percentage cannot be confirmed.