Board approves FY26 results; recommends ₹140 dividend
The Board of Directors of 508486, at its meeting on May 28, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹140 per equity share (face value ₹10) for the financial year ended March 31, 2026, subject to shareholder approval at the 66th Annual General Meeting on July 29, 2026. The dividend is slated for payment by August 28, 2026. Additionally, the Board recommended the re-appointment of Mr. Tej Paul Sharma and Mr. Neil Vasudeva as Wholetime Directors, and Mr. Murli Aildas Teckchandani as an Independent Director. Ms. Vini Mahajan was also recommended for appointment as an Independent Director. The statutory auditors issued an unmodified opinion on the financial results.
Key Highlights
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- Recommended a dividend of ₹140 per equity share for FY26, pending AGM approval.
- Dividend payment is scheduled to be completed by August 28, 2026.
- Proposed re-appointment of two Wholetime Directors and one Independent Director.
- Proposed appointment of Ms. Vini Mahajan as a new Independent Director.
Price Impact
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