Recommendation of final dividend of Rs. 2 per equity share of Rs. 1 each subject to approval by members of the company at the ensuing Annual General Meeting
SANGHVIMOV · price
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Sanghvi Movers Limited's Board of Directors has recommended a final dividend of Rs. 2 per equity share (200% on face value of Rs. 1) for FY2026, subject to shareholder approval at the ensuing AGM. The company reported strong financial performance with standalone revenue from operations growing 24.5% year-over-year to Rs. 67,351 lakhs, while consolidated revenue rose 36.8% to Rs. 1,07,045 lakhs. Standalone profit after tax increased to Rs. 15,864 lakhs from Rs. 13,182 lakhs in the previous year. Earnings per share (standalone) improved from Rs. 14.74 to Rs. 18.32. The company also announced re-appointment of MSKA & Associates LLP as statutory auditors for a second term of five years.
The recommended dividend of Rs. 2 per share represents a 200% payout on the Rs. 1 face value, indicating positive cash flow generation and confidence in the company's financial health. Shareholders can expect the dividend to be paid after AGM approval, typically within the regulatory timeframe.