Board recommends ₹140 dividend; approves FY26 results & director changes
The Board of Directors, at its meeting on May 28, 2026, approved the Audited Financial Results for the quarter and year ended March 31, 2026. A dividend of ₹140 per equity share (face value ₹10) was recommended for FY26, subject to shareholder approval at the 66th Annual General Meeting (AGM) on July 29, 2026. The dividend is slated for payment by August 28, 2026. The Register of Members will be closed from July 23-29, 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. Statutory Auditors, Kalyaniwalla & Mistry LLP, issued an unmodified opinion on the financial results.
Key Highlights
- Board recommended a dividend of ₹140 per equity share for FY26.
- Audited Financial Results for Q4 and FY26 were approved by the Board.
- Dividend payment is subject to shareholder approval at the AGM on July 29, 2026.
- Board proposed re-appointment and appointment of several directors.
- Statutory auditors issued an unmodified opinion on the financial results.
Price Impact
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