Announcement under regulation 30 of SEBI (LODR) Regulations, 2015 - Dividend Updates.
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The Board of Directors approved audited standalone and consolidated financial results for FY2026 ended 31 March 2026. Standalone profit after tax grew significantly to Rs. 1,32,525 lakhs from Rs. 81,410 lakhs in FY2025, representing approximately 63% PAT growth. The Board recommended a final dividend of Rs. 1 per equity share (10% on face value Rs. 10), totalling approximately Rs. 46.58 crores, subject to shareholder approval at the ensuing AGM. Auditors issued unmodified (clean) opinions on both standalone and consolidated financials. Key emphasis matters include ongoing strategic disinvestment by Government of India, geopolitical tensions in Middle East affecting 4 vessels through Strait of Hormuz, and balance reconciliation practices for trade receivables/payables.
Strong financial performance with 63% PAT growth is positive for shareholders. The modest 10% dividend yield reflects conservative payout. Ongoing disinvestment creates uncertainty about future ownership structure.