Board Recommended the Final Dividend @ 10.00% (i.e. Rs.1/- per share) on Equity Shares of face value of Rs. 10/- each for the Financial Year ended 31st March, 2026, Subject to the approval ....
SUNFLAG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sunflag Iron & Steel Company's Board recommended a final dividend of Rs.1 per equity share (10% on Rs.10 face value) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported standalone net profit of Rs.20,066 lakhs and consolidated net profit of Rs.20,237 lakhs for the year. Other key items include revaluation of PPE (Buildings +Rs.581 lakhs, Plant & Machinery +Rs.496 lakhs), MTM loss of Rs.9,330 lakhs on investments in Lloyds Metal & Energy Limited, and an exceptional charge of Rs.870 lakhs due to new labor code implementation. Borrowings reduced significantly from Rs.270.20 crores to Rs.154.97 crores during the year.
The dividend recommendation is modest and appears consistent with prior practice. The company showed improved profitability year-on-year with strong reduction in debt levels, which could be viewed positively by investors despite the mark-to-market loss on investments.