StockWatch
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Other Textile Products
Quarterly Result4 Nov 2026, 04:42 pm

Mafatlal Industries Declares Interim Dividend, Approves Acquisition

AI Summary

Mafatlal Industries Ltd announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026. The company also declared an interim dividend of ₹1.00 per equity share for FY 2026-27, with November 13, 2026, set as the record date and November 27, 2026, as the payment date. Additionally, the Board approved the re-designation of Mr. H. A. Mafatlal from Executive Director to Non-Executive Director, effective November 4, 2026, subject to shareholder approval. The company will acquire 20,00,000 equity shares (20%) in Pieflowtech Solutions Private Limited for ₹25,00,000, increasing its stake to 80%.

Key Highlights

  • Unaudited financial results for Q2 FY27 declared.
  • Interim dividend of ₹1.00 per share declared.
  • Mr. H. A. Mafatlal re-designated to Non-Executive Director.
  • Acquisition of 20% stake in Pieflowtech Solutions approved.
  • Company's stake in Pieflowtech to increase to 80%.