Siyaram Silk Mills Limited has informed the Exchange about approval by Board for development of one-off Residential Project at MIDC leasehold land at Dombivali, Thane, Maharashtr

Siyaram Silk Mills reported strong FY26 results with standalone revenue up 15.7% to Rs 2,569 crore and net profit growing 14.8% to Rs 228 crore. The Board declared a special interim dividend of Rs 4 per share (200%) on the centenary of founder Late Shri Dharaprasad Poddar, plus recommended a final dividend of Rs 5 per share (250%), totaling Rs 9 per share. The company also approved a new residential project at its MIDC leasehold land in Dombivali, Thane - a 68-unit 2 BHK building with ~77,400 sq ft built-up area costing approximately Rs 45 crore excluding land cost. Additionally, the company reported a one-time surplus of Rs 21.22 crore from sale of industrial land and building.