Board Meeting11 May 2026, 11:01 pm
Manorama Industries Approves ₹0.80 Dividend; Burkina Faso Factory
AI Summary
Manorama Industries Ltd's board, in its meeting on May 11, 2026, approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹0.80 per equity share. The board also approved the re-appointment of CLA Indus Value Consulting as Internal Auditors and M/s. S N & Co. as Cost Auditors for FY 2026-27. Additionally, it approved a proposal to support a processing factory in Burkina Faso via its subsidiary, Taang Kaam Industries SA, with potential financial assistance up to ₹150 Cr in equity, ₹100 Cr in unsecured loans, and/or ₹100 Cr in guarantees.
Key Highlights
- Final dividend of ₹0.80 per share approved for FY 2025-26, pending AGM approval.
- CLA Indus Value Consulting re-appointed as Internal Auditors for FY 2026-27.
- M/s. S N & Co. re-appointed as Cost Auditors for FY 2026-27.
- Approved support for Burkina Faso factory via Taang Kaam Industries SA.
- Financial support for Burkina Faso includes potential ₹150 Cr equity, ₹100 Cr loan, and ₹100 Cr guarantees.