Board Meeting11 May 2026, 09:31 pm
Manorama Industries Approves ₹0.80 Dividend, Burkina Faso Factory
AI Summary
Manorama Industries Ltd's board approved the annual audited financial results for FY26 and recommended a final dividend of ₹0.80 per share. They also approved the re-appointment of internal and cost auditors. Additionally, the board approved a proposal to support setting up a processing factory in Burkina Faso through its subsidiary, Taang Kaam Industries SA, with potential financial assistance arrangements including equity investment, unsecured loans, and corporate guarantees.
Key Highlights
- Final dividend of ₹0.80 per share (40% of face value) approved for FY26.
- CLA Indus Value Consulting re-appointed as Internal Auditors for FY27.
- M/s. S N & Co. re-appointed as Cost Auditors for FY27.
- Approved support for Burkina Faso factory via subsidiary Taang Kaam Industries SA.
- Financial support for Burkina Faso factory includes potential ₹150 Cr equity, ₹100 Cr loan, and ₹100 Cr guarantees.
Price Impact
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