Standard Industries Limited has informed the Exchange about General Updates
SIL · price
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Standard Industries Limited reported its Q4 and FY2026 audited financial results with an unmodified audit opinion. Standalone revenue increased to Rs. 3,068.34 lakhs from Rs. 2,234.98 lakhs YoY, though the company reported a widened net loss of Rs. 1,759.22 lakhs (vs Rs. 1,378.75 lakhs loss). The Board recommended a final dividend of Rs. 0.25 per share (Record Date: August 11, 2026), following an interim dividend of Rs. 0.55 already paid in March 2026. A major transaction was approved: assignment of development rights for 1,937.30 sq. mtrs. land at Dadar West, Mumbai to Prabhadevi Developer Private Limited for Rs. 169.51 crore cash plus 25,774.61 sq. ft. residential carpet area. Khurshed Thanawalla was proposed for re-appointment as Non-Executive Independent Director for 5 years from May 19, 2027. The 129th AGM is scheduled for August 18, 2026 via VC.
The company continues to report losses despite higher revenues, indicating operational challenges. However, the Rs. 169.51 crore development rights transaction represents a significant cash inflow opportunity that could strengthen the balance sheet. Shareholders can expect dividend income pending AGM approval.