The New India Assurance Company Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.
NIACL · price
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The Board of Directors approved the audited financial results for Q4 and FY ended March 31, 2026. Net profit for FY 2025-26 stood at Rs 1,26,145 lakhs, up from Rs 95,722 lakhs in the previous year, with EPS of Rs 8.40 versus Rs 6.39. The Board recommended a final dividend of Rs 1.50 per share (face value Rs 5), which is a reduction from Rs 1.80 per share paid last year. The record date for dividend eligibility is September 4, 2026, with actual payment subject to shareholder approval at the AGM. Auditors issued a qualified opinion due to unreconciled reinsurance and inter-office balances.
The dividend reduction from Rs 1.80 to Rs 1.50 per share may concern income-focused investors, though the company's profit growth remains positive. The auditors' qualified opinion and contingent tax liabilities of Rs 83,090 lakhs add some caution to the outlook.