Veto Switchgears And Cables Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Re. 1 per equity share.
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Veto Switchgears and Cables Limited reported strong FY26 results with standalone net profit rising 10.7% to Rs. 2,383.22 Lacs from Rs. 2,152.41 Lacs in FY25. Total standalone income grew 14.1% year-on-year to Rs. 25,399.05 Lacs. Consolidated net profit for the year increased to Rs. 2,458.35 Lacs. The Board has recommended a final dividend of Rs. 1 per equity share (10% on face value of Rs. 10), subject to shareholder approval at the 19th AGM. This maintains the same dividend as the previous financial year. The company also reappointed its Cost Auditor and Internal Auditor for FY27.
The dividend payout represents a continuation of the previous year's distribution. While the company shows improved profitability and revenue growth, the unchanged dividend suggests conservative capital allocation. The stock may see neutral to slightly positive reaction as earnings growth is healthy but dividend per share remains flat.