StockWatch
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Electrodes & Refractories
Quarterly Result29 May 2026, 01:07 am

Orient Ceratech Q4/FY26 Results Approved, 35% Dividend, Power Divestment

AI Summary

Orient Ceratech Limited's Board of Directors approved the Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board recommended a dividend of 35% (₹0.35 per Equity Share) for FY2026, subject to shareholder approval. Key decisions also included the approval of a 5% commission on net profits for the Managing Director, Mr. Manan Shah, for FY2025-2026, and the sale of the Thermal Power Station (Power Division) at the Porbandar Plant. Additionally, the re-appointment of Mr. Ketan Shrimankar as an Independent Director for a second term was approved, and Mr. Krupal Upadhyay was appointed as the new Company Secretary and Compliance Officer following Mrs. Seema Sharma's resignation. The Statutory Auditors issued an unmodified opinion on the financial results.

Key Highlights

  • Board approved Q4 and FY2026 audited standalone and consolidated financial results.
  • Recommended a 35% dividend (₹0.35 per share) for FY2026, pending shareholder approval.
  • Approved the sale of the Thermal Power Station (Power Division) at Porbandar.
  • Re-appointed Mr. Ketan Shrimankar as Independent Director for a second term.
  • Appointed Mr. Krupal Upadhyay as new Company Secretary and Compliance Officer.
  • Approved 5% commission for MD and revised Key Managerial Personnel list.