The Board of Directors of the Company at its Meeting held today i.e. 23rd May, 2026 has inter alia, considered and recommended Dividend of Rs. 6.00/- per share (i.e. 60%) on 1,18,50,863 ....
VINDHYATEL · price
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Vindhya Telelinks board meeting held on 23rd May 2026 approved multiple items. Key highlights: (1) Recommended dividend of Rs. 6 per share (60%) on 11,850,863 equity shares of Rs. 10 face value for FY26, subject to shareholder approval at the ensuing AGM. (2) Audited standalone FY26 results show revenue of Rs. 3,566.29 crore, down 12% from Rs. 4,053.83 crore in FY25; standalone PBT fell to Rs. 68.22 crore from Rs. 151.96 crore; standalone EPS dropped to Rs. 44.54 from Rs. 97.44. (3) Approved raising up to Rs. 200 crore via Non-Convertible Debentures on private placement basis. (4) Greenlit additional Rs. 65 crore capex for Speciality Optical Fibre Cable capacity expansion at Rewa facility, taking total project outlay to Rs. 101.70 crore. (5) Also approved scheme of amalgamation with Birla Cable Limited (exchange ratio: 10 VTL shares for every 115 Birla Cable shares) and made board appointments/changes.
The 60% dividend payout signals continued shareholder returns despite significantly lower standalone profits. The Rs. 200 crore NCD raise and Rs. 65 crore capex expansion indicate capital deployment for growth. The amalgamation with Birla Cable could create synergies in the cables business. However, the steep decline in standalone profitability (down 55% YoY) may concern investors focused on core business performance.