StockWatch
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Iron & Steel
Dividend14 May 2026, 07:51 pm

Mukand Ltd: Board Approves ₹3 Dividend & ₹160 Cr Investment

AI Summary

Mukand Ltd's board approved a dividend of ₹3 per equity share (30%), including a special payout of ₹1 (10%) to celebrate 100 years of the Bajaj Group, for FY 2025-26. Additionally, a dividend on preference shares at 8% p.a. was recommended. The board also approved an investment of up to ₹160 crore into Mukand Heavy Engineering Limited, a wholly-owned subsidiary. Audited financial results for the quarter and year ended March 31, 2026, were approved with an unmodified opinion from the auditors.

Key Highlights

  • Mukand Ltd recommends ₹3 dividend per equity share for FY 2025-26.
  • Includes a special ₹1 dividend to celebrate 100 years of Bajaj Group.
  • Board approves investment of up to ₹160 crore in Mukand Heavy Engineering.
  • Audited financial results for FY26 receive unmodified opinion.
  • Dividend payout is subject to shareholder approval at the AGM.