OUTCOME OF THE BOARD MEETING OF STANDARD INDUSTRIES LIMITED HELD ON 12TH MAY, 2026
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Standard Industries Ltd's Board of Directors approved the audited financial results for Q4 and FY ended March 31, 2026. Standalone FY26 revenue was Rs. 3,068.34 lakhs (up from Rs. 2,234.98 lakhs in FY25), but the company reported a net loss of Rs. 1,759.22 lakhs compared to a loss of Rs. 1,380.44 lakhs in the previous year. The Board recommended a final dividend of Rs. 0.25 per share (5% on Rs. 5 face value), subject to shareholder approval at the AGM on August 18, 2026. The Board also approved a major transaction – assignment of development rights for land at Dadar West, Mumbai to Prabhadevi Developer Private Limited for Rs. 169.51 crore plus 25,774.61 sq.ft. of residential carpet area. Statutory auditors R.S. Gokani & Co. issued an unmodified opinion on the financial statements.
The company continues to be loss-making, though revenue has grown significantly year-over-year. The Rs. 169.51 crore development rights transaction represents a substantial one-time cash inflow that could help reduce debt and improve the balance sheet. The dividend recommendation provides some return to shareholders despite the losses.