Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sealmatic India Limited's Board approved audited standalone and consolidated financial results for the year ended March 31, 2026. Standalone revenue grew marginally to Rs. 10,306.78 Lakhs (vs Rs. 10,096.96 Lakhs), but profit after tax declined significantly to Rs. 1,032.06 Lakhs from Rs. 1,591.22 Lakhs — a 35% drop. The decline was partly due to a one-time charge of Rs. 131.07 Lakhs for gratuity provisions under new labour codes. The Board recommended a dividend of Rs. 1.10 per share (11%) amounting to Rs. 119.46 Lakhs, subject to shareholder approval. The company also appointed Mr. Naresh Vasudevbhai Kanzariya as Company Secretary and Compliance Officer. IPO proceeds of Rs. 4,162.50 Lakhs were fully utilized, with the company also investing Rs. 150.50 Lakhs in a UAE joint venture — Sealtech Seals Repair and Maintenance LLC.
The 35% decline in net profit despite modest revenue growth is a concern for investors. The one-time labour code charge partially explains the decline, but underlying operational profitability needs scrutiny. The dividend offer provides some support. SME-listed stock on BSE (scrip: 543782).