Recommendation of Final Dividend of Rs.3/- @ 150% per share for the FY 2025-26
SHAILY · price
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Shaily Engineering Plastics Board recommended a final dividend of Rs. 3 per share (150% on Rs. 2 face value) for FY 2025-26, pending shareholder approval at the upcoming AGM. The company reported strong financial performance with consolidated net profit more than doubling to Rs. 16,991.21 lakhs from Rs. 9,311.90 lakhs year-on-year. Consolidated revenue grew 26% to Rs. 99,066.72 lakhs. The Board also approved an enabling resolution to raise up to Rs. 500 crores through various modes (private placement, rights issue, QIP) to fund expansion into healthcare, consumer electronics, and semiconductor manufacturing. Additionally, the company appointed a new COO for healthcare and new internal and cost auditors.
The dividend declaration signals strong cash generation and rewards shareholders amid robust profit growth. The planned capital raise provides flexibility for the company's diversification strategy but may involve equity dilution. The doubling of net profit is a strong positive signal for the stock.