Shipping Corporation Of India Land And Assets Limited has informed the Exchange that Board of Directors at its meeting held on May 05, 2026, recommended Final Dividend of Re. 0.55/-per equity share.
SCILAL · price
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The board of Shipping Corporation of India Land and Assets Limited (SCILAL) approved the audited standalone financial results for FY2025-26 and recommended a final dividend of Rs. 0.55 per equity share (5.50% on face value of Rs. 10), amounting to approximately Rs. 25.62 crores, subject to shareholder approval at the AGM. Total income for the year stood at Rs. 10,677 lakhs compared to Rs. 10,335 lakhs in the previous year. Profit after tax improved significantly to Rs. 2,882 lakhs from a loss of Rs. 18,938 lakhs in FY2024-25. The company also appointed M/s Amit Ray & Co. as Internal (External) Auditor for two years starting April 1, 2026. The statutory auditor issued an unmodified opinion on the financial results.
The dividend recommendation is positive for shareholders as it marks a return to profitability and demonstrates cash generation capability. The improved bottom-line after years of losses indicates operational recovery, which could be viewed favorably by investors.