Redtape Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 2 per equity share.
REDTAPE · price
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On the reaction day the stock moved 10.3 pts more than Nifty Microcap 250 and 10.7 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Redtape Limited's Board of Directors has recommended a Final Dividend of Rs. 2 per equity share (face value Rs. 2) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company had already paid an Interim Dividend of Rs. 0.25 per share earlier, making total dividend for the year Rs. 2.25 per share (112.5% of face value). The record date for dividend entitlement has been fixed as July 31, 2026. Financially, standalone revenue grew 19.6% year-on-year to Rs. 2,41,451 lakhs, while standalone profit after tax surged 32% to Rs. 24,416 lakhs. The company also announced elevation of Mr. Shashank Kumar to Vice-President (Administration) as part of Senior Management, and reappointed internal and cost auditors for FY 2026-27.
The recommendation of a 100% final dividend on face value, combined with strong 32% growth in net profit, is a positive signal for shareholders indicating robust cash generation and financial health. The upcoming record date (July 31) gives investors a clear timeline to be eligible for the dividend.