Dividend16 May 2026, 08:31 pm
Sportking India Recommends ₹1 Final Dividend
AI Summary
The Board of Directors of Sportking India Limited has recommended a final dividend of ₹1 per equity share of face value of ₹1 each, amounting to ₹1270.72 Lakhs, and 5% on Non-Cumulative Non-Convertible Redeemable Preference Shares of face value of ₹10 each amounting to ₹34.16 Lakhs for FY 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the re-appointment of Cost Auditors and acquisition of majority stake in M/s Marvel Dyers and Processors Private Limited and acquisition through slump sale of manufacturing facilities of M/s Sobhagia Sales Private Limited.
Key Highlights
- Sportking India recommends a final dividend of ₹1 per equity share.
- Dividend payout amounts to ₹1270.72 Lakhs for equity shares.
- 5% dividend on Non-Cumulative Preference Shares, amounting to ₹34.16 Lakhs.
- Board approves re-appointment of M/s R.R & Co as Cost Auditors for FY 2026-27.
- Approved acquisition of majority stake in Marvel Dyers and Processors Private Limited.
Price Impact
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