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Board Meeting23 Apr 2026, 06:21 pm

Hindustan Composites: FY26 Results, ₹2 Dividend, Cost Auditor Reappointed

AI Summary

Hindustan Composites Ltd's Board of Directors, at its meeting on April 23, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board recommended a dividend of ₹2 per share for FY26, subject to shareholder approval at the upcoming AGM. M/s. Suresh Pimple & Associates were re-appointed as Cost Auditors for FY 2026-27. Additionally, a capacity expansion plan for FY 2026-27 was approved. The company also clarified its position on a ₹1,55,000 fine from BSE for delayed Q1 FY20 consolidated results, stating it believes no non-compliance occurred based on SEBI/BSE circulars, despite having paid the fine and filed a waiver application.

Key Highlights

  • Board approved Q4 & FY26 audited standalone and consolidated financial results.
  • Recommended ₹2 per share dividend for FY26, subject to AGM approval.
  • M/s. Suresh Pimple & Associates re-appointed as Cost Auditors for FY26-27.
  • Approved capacity expansion plan for financial year 2026-27.
  • Clarified stance on BSE fine for delayed Q1 FY20 consolidated results.