Dividend29 May 2026, 08:52 pm
GOCL Corp Recommends ₹30 Dividend, Approves HEIL Loan Security
AI Summary
GOCL Corporation Ltd's board approved audited financial results for the year ended March 31, 2026, recommending a dividend of ₹30 per share (1500%) for FY26, subject to shareholder approval. The board also approved the re-appointment of Mr. Ravi Jain as Whole-Time Director & CFO and a proposal for issuing security on land properties and corporate guarantee for loans up to ₹300 crores to Hinduja Energy (India) Limited (HEIL). Shareholder approval will be sought for the HEIL transaction.
Key Highlights
- GOCL Corp recommends a dividend of ₹30 per share (1500%) for FY26.
- Ravi Jain re-appointed as Whole-Time Director & CFO, effective July 4, 2026.
- Board approves security for loans up to ₹300 Cr to Hinduja Energy (India) Limited.
- Shareholder approval sought for HEIL loan security and previous related transactions.
- Board to take remedial actions regarding earlier related party transactions.
Price Impact
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