Board Meeting25 May 2026, 06:22 pm
Divgi Torq recommends ₹3.27 dividend; to form US subsidiary
AI Summary
Divgi TorqTransfer Systems Ltd's board approved the audited financial statements for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹3.27 per share. The board also approved the incorporation of a wholly-owned subsidiary in the United States with an investment of up to ₹3 crores. The meeting concluded at 04:40 P.M. on May 25, 2026.
Key Highlights
- Audited financial statements for the quarter and year ended March 31, 2026, approved.
- Final dividend of ₹3.27 per equity share recommended, subject to shareholder approval.
- Wholly-owned subsidiary to be incorporated in the United States.
- Investment of up to ₹3 crores approved for the US subsidiary.
- Internal Audit report for FY26 was reviewed.
Price Impact
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