Board, at their meeting held today i.e., May 12, 2025, approved the proposal to recommend the shareholders, final dividend of INR. 1 per equity share of INR. 10/- each (10%), to the members, ....
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The Board of Walchand Peoplefirst Ltd met on May 12, 2025 and approved the audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors giving an unmodified opinion. The Board recommended a final dividend of INR 1 per equity share (10% on face value of INR 10), subject to shareholder approval at the 105th AGM scheduled for July 31, 2025. The record date for the dividend is fixed as July 18, 2025, with payment expected on or after August 3, 2025. Additionally, the Board approved the re-appointment of CNK & Associates LLP as statutory auditors and Nilesh Shah & Associates as secretarial auditors, each for a 5-year term, and re-appointed Mr. Joseph Andrew Jude Pereira as Independent Director for a second 5-year term starting October 26, 2025.
The modest 10% final dividend (INR 1 per share) is a standard distribution and unlikely to be a major price catalyst on its own. Routine re-appointments of auditors and an independent director signal continuity in governance. Shareholders should watch for the AGM on July 31, 2025 for dividend approval and the audited FY25 numbers for underlying business performance.