Outcome of Board Meeting for recommendation of final dividend for FY 25-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swastika Investmart's board recommended a final dividend of Rs. 0.60 per share (30% on face value of Rs. 2) for FY 2025-26, subject to shareholder approval at the 34th AGM on June 25, 2026. The company reported standalone net profit of Rs. 1,453.39 lakh for the year, down 34% from Rs. 2,212.91 lakh in the prior year. Consolidated net profit fell to Rs. 1,303.06 lakh from Rs. 1,989.19 lakh. Revenue declined to Rs. 10,934.80 lakh standalone from Rs. 13,536.34 lakh. The board also approved audited financial results with unmodified auditor opinion and noted changes in senior management structure. No warrants remain outstanding after conversion of 55.7 lakh warrants into equity shares during the year.
The recommended dividend provides income support for shareholders, though the company faces significant profit decline this fiscal year. The ~34% drop in earnings may weigh on the stock price despite the dividend payout. Management changes and warrant conversion completion are neutral to positive for corporate governance.