Salona Cotspin Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.60 per equity share.
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The Board of Directors of Salona Cotspin Limited met on May 29, 2026, and approved the audited financial results for Q4 and the year ended March 31, 2026. The auditors issued an unmodified (clean) report, indicating no concerns with the financial statements. The Board recommended a final dividend of Rs. 0.60 per equity share (6% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. Additionally, Mr. B. Venkateswar was appointed as Cost Auditor for FY 2026-27. The meeting lasted about 2 hours and 40 minutes.
The recommendation of a 6% dividend and an unmodified audit opinion are positive indicators for shareholders, suggesting the company maintained financial integrity though the dividend amount is modest.