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Awaiting price reaction for this filing.
The Board of Directors of Victoria Mills Ltd, at its meeting held on May 26, 2025, approved the audited financial results for the financial year ended March 31, 2025. The Board recommended a dividend of 50% (Rs. 50 per equity share) on 98,560 equity shares of face value Rs. 100 each, subject to shareholder approval at the upcoming AGM. The 112th Annual General Meeting has been scheduled for September 26, 2025, and the AGM notice was approved. Additionally, M/s. Nilesh Shah & Associates was appointed as the Secretarial Auditors of the company.
The 50% dividend recommendation signals that the company is in a financially healthy position and is rewarding shareholders. The appointment of new secretarial auditors and confirmation of AGM details are routine governance items with no immediate material impact on the stock price.