WESTLIFE FOODWORLD LIMITED has informed the Exchange about General Updates - Recommendation of final dividend by Company's subsidiary i.e. Hardcastle Restaurants Private Limited
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Westlife Foodworld's subsidiary, Hardcastle Restaurants Private Limited, has recommended a final dividend of Rs. 72 per equity share for FY 2025-26. The dividend is on shares with a face value of Rs. 1,000 each. This recommendation was made by the subsidiary's Board of Directors on May 7, 2026, and is subject to approval by the subsidiary's shareholders. This is a disclosure under SEBI listing regulations regarding material events from subsidiaries.
This announcement relates to a subsidiary's dividend, not Westlife's own dividend. Hardcastle Restaurants operates McDonald's franchises in West and South India. The dividend amount (Rs. 72 per Rs. 1,000 face value = 7.2% on face value) is positive for the subsidiary's shareholders but has limited direct impact on Westlife Foodworld's stock.