V-Guard Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 1.5 per equity share.
VGUARD · price
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V-Guard Industries' Board meeting on May 12, 2026 approved audited FY2026 results showing consolidated revenue of ₹5,966 crore (up 7% YoY) with profit of ₹308 crore. Standalone revenue was ₹5,692 crore with profit of ₹259 crore. The Board recommended a final dividend of ₹1.50 per share (150% on ₹1 face value) subject to shareholder approval at the AGM on August 11, 2026, with record date July 31, 2026. Other decisions included appointment of Ms. Usha Sunny as Independent Director, allotment of 87,239 shares under ESOS 2013, and re-appointment of auditors. The Electricals segment led growth at ₹2,461 crore, while Consumer Durables declined. An exceptional charge of ₹20.91 crore (standalone) was recorded due to new labour codes.
The dividend of ₹1.50 per share represents a 150% payout ratio, consistent with the company's dividend policy. Revenue growth of 7% is positive, though profit declined slightly due to one-time labour code adjustments. The stock typically reacts positively to dividend declarations, but the modest profit decline may limit upside.