Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Dividend
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The Board approved the audited financial results for FY25, with revenue from operations rising to about Rs.200.07 crore (from Rs.184.14 crore in FY24, ~8.7% growth) and net profit slipping to Rs.33.38 crore from Rs.35.54 crore (~6% decline). The Board recommended a final dividend of Rs.35 per share (350% on face value of Rs.10), a 40% increase over last year's Rs.25 per share (250%), pending shareholder approval. The cost of the Dharwad (Karnataka) plant capacity expansion has been revised upward to Rs.85 crore, to be funded equally through internal accruals and bank debt, with completion expected in H2 of FY 2026-27. Statutory auditor Walker Chandiok & Co LLP issued an unmodified (clean) opinion on the standalone financials.
The higher dividend payout is a positive signal for shareholders, while the slight annual profit dip may temper sentiment. The Rs.85 crore capex (partly debt-funded) signals growth investment that could boost future volumes but may pressure leverage in the interim.