Starteck Finance Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 0.25 per equity share.
STARTECK · price
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Starteck Finance reported strong FY2026 results with consolidated net profit of Rs. 2,361.21 lakh (up 126% from Rs. 1,042.42 lakh), while standalone net profit grew 71% to Rs. 1,715.60 lakh. Total consolidated income increased to Rs. 5,314.10 lakh from Rs. 3,648.01 lakh. The board recommended a final dividend of Rs. 0.25 per share (2.5% on Rs. 10 face value), subject to shareholder approval; promoters waived their dividend rights. Statutory auditors MKPS issued an unmodified opinion, but flagged a going concern risk for subsidiary Bhuwalka Steel Industries (negative net worth of Rs. 69.08 crore). The company also appointed Bagaria & Co. LLP as new statutory auditors for a 5-year term.
Strong profit growth and dividend recommendation are positive signals for shareholders, though the going concern issue at the subsidiary adds some risk to monitor.