The Board considered and recommended final dividend of Rs. 6.80/- per equity share.
Awaiting price reaction for this filing.
Redington Limited's Board of Directors, at its meeting held on May 19, 2025, recommended a final dividend of Rs. 6.80 per equity share (340% of the Rs. 2 face value) for FY25, subject to shareholder approval. The company has fixed July 4, 2025 as the record date, and the 32nd AGM will be held on July 29, 2025 via video conferencing. The Board also approved audited FY25 results, with consolidated revenue rising about 11% YoY to Rs. 99,333.65 crore and consolidated PAT growing sharply to Rs. 1,820.62 crore from Rs. 1,238.61 crore. The bottom line was aided by an exceptional gain of Rs. 625.77 crore from the sale of the Paynet fintech business in Turkey. The Board separately appointed M/s. B Chandra & Associates as Secretarial Auditors for five years from FY26 to FY30.
Shareholders on the register as of July 4, 2025 will be eligible for the Rs. 6.80 per share dividend, which will be paid within 30 days of AGM approval. The strong FY25 earnings, partly supported by a one-time divestment gain, are likely to be viewed positively by investors.