StockWatch
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Tyres & Rubber Products
Dividend28 Apr 2026, 06:21 pm

Ceat Board Recommends ₹35/Share Dividend for FY26

AI Summary

Ceat Ltd's Board of Directors, at its meeting on April 28, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board also recommended a dividend of ₹35 per equity share (350% on face value of ₹10) for FY 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The dividend, if approved, will be paid within 30 days of such approval. Additionally, the Board approved the continuation of Mr. Paras Kumar Choudhary as a Non-Executive, Non-Independent Director, notwithstanding his attainment of 75 years, pending shareholder approval. The company also plans to avail a credit facility of up to ₹1,000 crores in FY27 and amended its Code of Fair Disclosure.

Key Highlights

  • Board recommended a dividend of ₹35 per equity share (350%) for FY26.
  • Audited financial results for Q4 and full year ended March 31, 2026, were approved.
  • Dividend payment is subject to shareholder approval at the ensuing AGM.
  • Continuation of Mr. Paras Kumar Choudhary as Non-Executive Director approved.
  • Company plans to avail credit facility of up to ₹1,000 crores in FY27.