Dividend Payment
VARROC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Varroc Engineering's Board has recommended a final dividend of Rs. 1.50 per equity share (150% on face value of Rs. 1 each) for FY 2025-26, subject to shareholder approval at the 38th AGM on August 20, 2026. The record date for dividend entitlement is August 7, 2026. For FY 2025-26, the company reported standalone revenue of Rs. 81,578.90 million and net profit of Rs. 2,881.93 million with EPS of Rs. 18.86. The auditors issued a qualified opinion due to an ongoing arbitration with TYC Parties regarding Rs. 209.89 million in revenue recognized from a former joint venture. The company also plans to raise up to Rs. 500 crores via NCDs and increase borrowing limits to Rs. 3,000 crores.
The dividend declaration indicates stable cash flow generation, though the qualified audit opinion on pending arbitration creates some uncertainty. Shareholders should monitor the AGM outcomes and any developments in the TYC arbitration proceedings.