StockWatch
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Other Textile Products
Board Meeting27 May 2026, 06:42 pm

Acknit Industries: FY26 Results Approved; 15% Dividend Declared

AI Summary

Acknit Industries Ltd's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026. A final dividend of 15% (₹1.50 per share) for FY26 was recommended, subject to shareholder approval. Mr. Rajarshi Ghosh was re-appointed as an Independent Director for a second term of 5 years. Mr. Mukul Banerjee and Mr. Jadav Lal Mukherjee will cease to be Independent Directors on May 29, 2026, upon completion of their terms. Trial production has started at the new garment factory, with 50% capacity utilization expected from September 2026. Commercial production of helmets has commenced, and trial production of personal protective equipment has been initiated at Falta III.

Key Highlights

  • Audited FY26 financial results approved by the Board.
  • Final dividend of 15% (₹1.50 per share) recommended for FY26.
  • Rajarshi Ghosh re-appointed as Independent Director for a second term.
  • Mukul Banerjee and Jadav Lal Mukherjee to cease as Independent Directors on May 29, 2026.
  • Trial production started at new garment factory; helmet production commenced.