Board Meeting24 May 2026, 08:01 pm
Belrise Industries Recommends ₹0.55 Dividend, Plans ₹20,000 Mn Fundraise
AI Summary
Belrise Industries Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹0.55 per equity share, subject to shareholder approval. The board also approved raising up to ₹20,000.00 Million via equity or equity-linked instruments through a qualified institutions placement (QIP), pending shareholder and regulatory approvals. Additionally, a corporate guarantee for EUR 3,300,000 was approved for Belrise Defence and Aerospace Private Limited's ECB facility.
Key Highlights
- Approved audited financial results for the quarter and year ended March 31, 2026.
- Recommended a final dividend of ₹0.55 per equity share (11%).
- Plans to raise up to ₹20,000.00 Million via QIP, subject to approvals.
- Approved corporate guarantee of EUR 3,300,000 for subsidiary's ECB facility.