The Peria Karamalai Tea & Produce Company Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 0.75 per equity share.
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The Board of Directors recommended a final dividend of Rs. 0.75 per equity share (7.5% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company also approved its audited financial results for the quarter and year ended March 31, 2026. A significant corporate restructuring occurred: the company's holding in Placid Limited (93,590 shares, 17.43%) was exchanged for 4,81,98,850 shares in Maharaja Shree Umaid Mills Limited (MSUML) following NCLT-approved amalgamation, with the investment now valued at Rs. 38,703.68 lakhs. MSUML now holds ~51.66% of the company, making it the holding company. Mrs. Alka Lakshmi Niwas Bangur was re-appointed as Managing Director for 3 years from September 17, 2026.
The dividend of Rs. 0.75 per share represents a modest return, but without the current market price, dividend yield cannot be confirmed. The major change is the new holding company structure following the Placid-MSUML amalgamation, which significantly increased the company's investment portfolio and total assets.