StockWatch
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Other Textile Products
Dividend4 Nov 2026, 04:51 pm

Mafatlal Industries declares ₹1 interim dividend

AI Summary

Mafatlal Industries Limited's Board of Directors has declared an interim dividend of ₹1.00 per equity share for the Financial Year 2026-27. The record date for this dividend is November 13, 2026, with payment expected on or before November 27, 2026. The dividend will be subject to Tax Deducted at Source (TDS). Additionally, the Board approved the unaudited financial results for the quarter and half-year ended September 30, 2026, with an unmodified review report from statutory auditors. The company also approved the re-designation of Mr. H. A. Mafatlal from Executive Director to Non-Executive Director, subject to shareholder approval, and the acquisition of an additional 20% stake in its subsidiary, Pieflowtech Solutions Private Limited, increasing its shareholding to 80%.

Key Highlights

  • Interim dividend of ₹1.00 per equity share declared for FY 2026-27.
  • Record date set for November 13, 2026; payment by November 27, 2026.
  • Unaudited financial results for Q2 FY27 approved.
  • Director re-designation approved, pending shareholder nod.
  • Acquisition of 20% stake in subsidiary Pieflowtech Solutions approved.