Redington Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 6 per equity share.
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Redington Limited's Board approved audited FY2026 results showing standalone revenue grew 30.5% to Rs. 63,801.19 Crores, though standalone profit after tax declined 13.8% to Rs. 1,243.90 Crores due to higher expenses. Consolidated revenue rose 20% to Rs. 1,19,162.36 Crores. An exceptional impairment charge of Rs. 152.31 Crores was recognized for the Turkey subsidiary Arena due to challenging economic conditions. The Board recommended a final dividend of Rs. 6 per equity share (300% of face value) for FY2025-26, with record date fixed for July 3, 2026. Additionally, Mr. S V Krishnan was re-appointed as Finance Director for five years. The AGM is scheduled for July 29, 2026.
The dividend recommendation signals shareholder-friendly stance despite profit decline. The impairment charge on Turkey operations may concern investors, but strong revenue growth indicates business resilience.