Board recommend dividend on Preference Shares @10% for Rs.100/- each
SGIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Synergy Green Industries reported its FY 2025-26 results showing a significant profit decline. Revenue grew marginally to Rs. 36,642 lakhs from Rs. 36,227 lakhs, but profit before tax dropped sharply to Rs. 755 lakhs from Rs. 2,499 lakhs in the previous year - a decline of about 70%. Annual EPS fell to Rs. 3.00 from Rs. 11.14 previously. The Board has NOT recommended any dividend for equity shareholders for FY 2025-26, compared to Re. 1 per share paid last year. However, it maintained the 10% preference dividend of Rs. 10 per preference share (on Rs. 100 face value), subject to shareholder approval at the July 23, 2026 AGM. The company also announced a new 5-year statutory auditor appointment and continuation of an independent director.
The skip on equity dividend and steep profit decline signal financial stress, which could negatively impact investor sentiment and stock price. The maintained preference dividend provides some comfort to preference shareholders but does not benefit equity holders.