Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby notify that the Board of Directors of the Company, at their meeting ....
NIACL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported profit after tax of Rs 1,38,359 Lakhs, up 40% from Rs 98,807 Lakhs in the previous year. Net premium income grew to Rs 46,49,919 Lakhs from Rs 41,06,610 Lakhs. The Board recommended a final dividend of Rs 1.50 per equity share (face value Rs 5), representing 30% of paid-up capital, subject to shareholder approval at the AGM. The record date for dividend payment is September 4, 2026. However, the auditors issued a qualified opinion due to unreconciled inter-office accounts, unadjusted banking transactions, and reinsurance dues totaling Rs 54,259 Lakhs. Additionally, contingent tax liabilities of Rs 83,090 Lakhs and GST disputes exceeding Rs 370 crore were disclosed.
The profit growth is positive, but the qualified audit opinion and pending tax/GST disputes create uncertainty. The reduced dividend (down from Rs 1.80) may disappoint income-focused investors. The reconciliation issues with reinsurance balances warrant monitoring.