StockWatch
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Cement & Cement Products
Board Meeting28 May 2026, 08:24 pm

590066 Board Approves Q4/FY26 Results, Recommends 50% Dividend

AI Summary

The Board of Directors of 590066 met on May 28, 2026, and approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of 50% (Re.0.50 per equity share of Re.1/-) for the year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, Sri. Parthapratim Brahma and Sri. K.V. Subbaiah were appointed as Additional Directors. M/s. Brahmayya & Co. was appointed as Statutory Auditor for five years, and M/s. M. Bhaskara Rao & Co., M/s. Sriramamurthy & Co., Narasimha Murthy & Co., and S. Mahadevan & Co. were appointed as Internal and Cost Auditors for 2026-2027. The statutory auditors provided an unmodified opinion on the financial statements.

Key Highlights

  • Board approved Q4 and FY26 standalone and consolidated audited financial results.
  • Recommended 50% dividend (Re.0.50 per share) for FY26, subject to AGM approval.
  • Appointed Sri. Parthapratim Brahma and Sri. K.V. Subbaiah as Additional Directors.
  • M/s. Brahmayya & Co. appointed as Statutory Auditor for five years.
  • Internal and Cost Auditors appointed for the year 2026-2027.