Outcome of Board Meeting dated 27th May, 2026 and Disclosure under Regulation 30 - Dividend
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On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250 and 6.9 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved FY2025-26 audited results with net profit of Rs. 27,986.21 lakh, up from Rs. 3,357.30 lakh in the previous year, driven primarily by an exceptional gain of Rs. 27,353.05 lakh from the sale of investment property in Thane, Maharashtra for Rs. 28,019.42 lakh. The Board recommended a total dividend of Rs. 100 per share (1000% of face value), comprising a regular dividend of Rs. 40 per share (400%) and a special dividend of Rs. 60 per share (600%) linked to the land sale proceeds. This compares to Rs. 35 per share paid for FY2024-25. The dividend is subject to shareholder approval at the ensuing AGM, with the record date to be announced separately. Additionally, Mr. Nisar Hassan was elevated from COO & Manager to Chief Executive Officer with immediate effect.
The company delivered exceptional FY2025-26 results boosted by the Thane land sale, and the increased total dividend (including a special payout from asset sale proceeds) signals strong cash generation, though the one-time nature of the gains should be considered when evaluating recurring earnings.