Shanthi Gears Limited has informed the Exchange that Board of Directors at its meeting held on May 05, 2026, recommended Final Dividend of Rs. 2 per equity share.
SHANTIGEAR · price
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Shanthi Gears Limited reported FY26 revenue of Rs. 518.72 Crores, down 14% year-on-year due to lower order inflow in H1 and customer schedule deferments. Profit before tax declined 21% to Rs. 102.70 Crores. The Board recommended a final dividend of Rs. 2 per share (face value Rs. 1), bringing the total FY26 dividend to Rs. 5 per share (including Rs. 3 interim paid in February 2026). The company achieved its highest-ever quarterly order booking of Rs. 178 Crores in Q4 with an unexecuted order book of Rs. 349 Crores as of March 2026. Key board changes include retirement of Independent Director L Ramkumar and appointment of K Ilango as new Independent Director for 5 years. Head of Technology Suresh P L will resign effective June 13, 2026.
While revenue and profitability declined year-on-year, the maintained total dividend of Rs. 5 per share and strong order book signal resilience. The record date is July 17, 2026 for shareholders eligible for the final dividend.