Please find attached the recommendation of Dividend by the Board.
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Southern Gas Ltd's Board of Directors, in a meeting held on May 28, 2026, has recommended a final dividend of Rs. 60 per equity share (60% on face value of Rs. 100) for financial year 2025-26. This dividend is subject to shareholder approval at the ensuing AGM and will be paid within 30 days from the AGM date. The company reported strong financial performance with net profit of Rs. 270.42 lakhs for FY2026, up 49% from Rs. 181.16 lakhs in FY2025. Total income stood at Rs. 3,795.38 lakhs versus Rs. 3,692.51 lakhs. EPS improved significantly to Rs. 1,259.15 from Rs. 779.20. The dividend per share increased substantially from Rs. 1.25 per share paid in the previous year.
The board's recommendation of Rs. 60 per share represents a massive increase from Rs. 1.25 per share in the prior year, signaling strong shareholder returns. The company must still obtain shareholder approval at the AGM before the dividend can be disbursed.