Board Meeting13 May 2026, 08:31 pm
Quality Power: Final Dividend of ₹1/Share Recommended
AI Summary
Quality Power Electrical Equipments Ltd's board approved audited financial results for FY26, recommended a final dividend of ₹1 per share, and updated on capital expenditure and capacity expansion initiatives. The promoters intend to waive their dividend entitlement. The company's order book stands at approximately ₹1,400 crore. The acquisition of Veeral Controls Private Limited is currently on hold.
Key Highlights
- Audited FY26 results approved; strong operational and financial performance noted.
- Final dividend of ₹1 per share (10% of face value) recommended, subject to shareholder approval.
- Promoters to waive dividend entitlement to conserve cash for fund-raising.
- Sangli plant completion rescheduled to August 2026 due to raw material and labor constraints.
- ₹17.2 crore capex planned for Mehru expansion in FY27, including GIS and high-voltage testing equipment.
Price Impact
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