Sirca Paints India Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of 1.50 per equity share.
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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.1 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Sirca Paints India Limited, at its meeting held on May 22, 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. The Board recommended a final dividend of Rs. 1.50 per equity share (15% on the face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the upcoming 20th Annual General Meeting. Additionally, the Board appointed M/s. Pravesh Kumar & Associates as the new Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, replacing the prior secretarial auditor. The record date for determining dividend eligibility and the actual payment date will be communicated separately.
The Rs. 1.50 final dividend offers a modest payout to shareholders and signals steady profitability for FY25, though it remains subject to AGM approval. The change in secretarial auditor is a routine governance matter and unlikely to materially affect the stock. Investors should wait for the detailed audited results for insights into revenue, margins, and earnings performance.