Sportking India Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2026, recommended Final Dividend of Re. 1 per equity share.
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Sportking India Limited held its Board meeting on May 16, 2026 and announced multiple developments. The Board recommended a Final Dividend of Rs. 1 per equity share (face value Rs. 1 each) totaling Rs. 1270.72 Lakhs for FY 2025-26, subject to shareholder approval at the AGM. The company also received auditor confirmation with un-modified opinion on its FY2026 audited results. Additionally, the Board approved two strategic acquisitions: majority stake in Marvel Dyers and Processors Private Limited (textile dyeing business with turnover of Rs. 5582.80 Lakhs) and manufacturing facilities of Sobhagia Sales Private Limited via slump sale (readymade garments business with turnover of Rs. 9972.27 Lakhs) - both flagged as related party transactions at arm's length. The company also confirmed financial closure and commenced construction on its 150,000-spindle greenfield expansion project in Odisha.
The dividend recommendation and multiple strategic acquisitions signal positive momentum for the company. The expansion project and acquisitions in complementary businesses could drive future growth, though the related party nature of transactions warrants monitoring. Shareholders should watch for final dividend approval at the AGM.