Vardhman Textiles Limited has informed the Exchange that Board of Directors at its meeting held on May 07, 2026, recommended Final Dividend of Rs. 5 per equity share.
VTL · price
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On the reaction day the stock moved 3.1 pts less than Nifty Smallcap 250 and 2.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vardhman Textiles Limited's Board meeting on May 7, 2026 recommended a final dividend of Rs. 5 per equity share, subject to shareholder approval at the AGM. For FY2026, standalone revenue from operations was Rs. 9,652.33 crore (up from Rs. 9,587.21 crore in FY2025), but profit after tax declined to Rs. 740.02 crore from Rs. 879.07 crore. Consolidated PAT fell to Rs. 753.20 crore from Rs. 886.72 crore. The company capitalized Rs. 570 crore in new assets including a technical textile unit in Baddi and an additional processing line in Budhni. Auditors issued an unmodified opinion on the financial results.
The dividend of Rs. 5 per share represents a positive signal for shareholders, though the significant decline in profitability year-on-year may temper investor enthusiasm. The stock may see modest positive reaction to the dividend announcement.