Board has recommended the final dividend of Rs. 1/- per Equity Shares
SPORTKING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sportking India Ltd's Board recommended a final dividend of Rs. 1 per equity share (face value Rs. 1) for FY 2025-26, totaling Rs. 1270.72 Lakhs, subject to shareholder approval at the AGM. The Board also approved acquisition of majority stake in Marvel Dyers and Processors Private Limited (turnover Rs. 5582.80 Lakhs) and acquisition of manufacturing facilities of Sobhagia Sales Private Limited via slump sale (turnover Rs. 9972.27 Lakhs) - both identified as related party transactions at arm's length. Additionally, the company confirmed financial closure for its Odisha greenfield expansion project (1,50,000 spindles) with construction commenced. The audited FY2026 results were also approved with un-modified auditor opinion.
The dividend signals steady returns for shareholders though the absolute amount is modest. The two acquisitions represent strategic expansion into dyeing/finishing and readymade garments, potentially diversifying revenue streams beyond the core textile business.