Recommendation of Final Dividend for FY 2025-26, subject to approval of shareholders
LOTUSDEV · price
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The Board of Directors has recommended a final dividend of Rs. 0.50 per equity share (50% on face value of Rs. 1) for FY 2025-26, subject to shareholder approval at the ensuing AGM. Notably, promoters holding 81.87% of total equity shares have voluntarily waived their right to receive this dividend, which has been accepted by the Board. This means only public shareholders (~18.13%) will actually receive the dividend cash payout. The company cited retention of funds for expansion purposes as the reason for the waiver. Consolidated net profit for FY 2025-26 stood at Rs. 488.72 million, up from Rs. 435.91 million in the previous year, with total income of Rs. 7,689.51 million.
The actual cash outflow for dividends will be minimal due to the promoter waiver, allowing the company to conserve capital for expansion. Minority shareholders will receive the dividend if approved at AGM, with the record date to be announced separately.