Dividend14 May 2026, 07:21 pm
Mukand Ltd Recommends ₹3 Dividend, Approves ₹160 Cr Investment
AI Summary
Mukand Ltd's board approved the standalone and consolidated audited financial results for the year ended March 31, 2026. They recommended a dividend of ₹3 per equity share, including a special payout of ₹1 per share to celebrate 100 years of the Bajaj Group. Additionally, a dividend on preference shares was recommended. The board also approved an investment of up to ₹160 crore into Mukand Heavy Engineering Limited, a wholly-owned subsidiary. The dividend, if approved by shareholders, will be paid within 30 days from the AGM date.
Key Highlights
- Mukand Ltd approved FY26 audited financial results.
- Recommended ₹3 dividend per equity share (30%) including ₹1 special payout.
- Recommended dividend on 8% Cumulative Redeemable Preference Shares.
- Approved infusion of funds up to ₹160 crore into Mukand Heavy Engineering Limited.
Price Impact
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