RHI MAGNESITA INDIA LTD has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Rs. 2.50 per equity share.
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RHI Magnesita India Limited's Board of Directors recommended a final dividend of Rs. 2.50 per equity share (250% on face value of Re. 1) for FY 2025-26, subject to shareholder approval at the AGM. The total dividend payout would be approximately Rs. 5,162.54 lakhs, same as the previous year. For FY 2026, the company reported standalone revenue from operations of Rs. 335,658.78 lakhs (up from Rs. 289,711.55 lakhs), but posted a standalone loss before tax of Rs. 40,035.31 lakhs due to an exceptional impairment charge of Rs. 66,092.10 lakhs on investment in its subsidiary RHIMIRL. On a consolidated basis, revenue was Rs. 401,994.50 lakhs with a loss before tax of Rs. 31,977.30 lakhs, including goodwill impairment of Rs. 55,624.03 lakhs. Auditors issued unmodified opinions on the financial statements.
Despite reporting significant losses due to impairment charges, the company is maintaining its dividend at Rs. 2.50 per share, which signals confidence in liquidity and cash flows. However, the heavy impairment write-downs due to geopolitical conditions affecting the subsidiary may raise concerns about asset quality and future earnings recovery.