Submission regarding the recommendation of dividend by the Board of Directors
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The Board of Directors recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY 2025-26, pending shareholder approval at the 40th AGM. For the year ended March 2026, the company reported revenue from operations of Rs. 28,388.89 lakhs, profit before tax of Rs. 1,469.51 lakhs, and profit after tax of Rs. 974.78 lakhs, representing a significant improvement from the previous year. The company also announced a change in CFO - Mr. Boorugu Venkatesham resigned effective May 28, 2026, and Mr. Veera Raghavaiah Panchagnula was appointed as the new CFO effective May 29, 2026. Additionally, M/s Apical Business Advisory Services LLP was appointed as the internal auditor for FY 2026-27. The auditors issued an unmodified opinion on the financial statements.
The recommended dividend of Rs. 0.50 per share provides a modest return to shareholders. With EPS of Rs. 9.93, the dividend payout ratio is approximately 5%, indicating conservative dividend distribution. The strong profit growth and clean audit opinion are positive indicators for investors. The CFO transition appears smooth with an experienced successor.