Re-appointment of Mr. Paresh Nath Sharma (DIN: 00023625) as an Independent Director of the Company for the second term of five consecutive years commencing with effect from 11th February ....
UFLEX · price
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Uflex Ltd reported robust consolidated performance for FY26 with net profit more than doubling to Rs.31,696 lakhs from Rs.14,236 lakhs in FY25. Total income stood at Rs.15,51,299 lakhs. Standalone net profit was Rs.14,802 lakhs versus Rs.21,445 lakhs in the prior year. The Board recommended a dividend of Rs.3 per share (30%) payable by August 27, 2026. The 37th AGM is scheduled for July 29, 2026 with book closure from June 27 to July 3, 2026. Statutory auditors issued unmodified opinions on both standalone and consolidated results. An emphasis of matter was noted regarding pending income tax demands and search proceedings from February 2023 for assessment years 2020-23, with appeals pending before ITAT. The Board approved re-appointment of Mr. Paresh Nath Sharma as Independent Director for a second term of 5 years from February 11, 2027.
Strong profit growth in consolidated results signals operational improvement. Dividend payout provides shareholder returns. Pending tax litigation remains a contingent liability but management believes it has a strong case.