
Board Meeting12 May 2026, 02:25 pm
Standard Industries Recommends ₹0.25 Dividend; Approves Land Deal
AI Summary
Standard Industries Ltd's board approved the audited financial results for FY26 and recommended a final dividend of ₹0.25 per share. The record date for the dividend is August 11, 2026, with payment on or before September 17, 2026. The board also approved the transfer of development rights for land in Dadar, Mumbai, to Prabhadevi Developer Private Limited for ₹169.51 Cr plus 25,774.61 sq. ft. of residential area. Additionally, the re-appointment of Shri Khurshed Thanawalla as a Non-Executive Independent Director was proposed.
Key Highlights
- Final dividend of ₹0.25 per share recommended for FY26, subject to shareholder approval.
- Record date for dividend entitlement is August 11, 2026; payment by September 17, 2026.
- Development rights for land in Dadar transferred to Prabhadevi Developer for ₹169.51 Cr plus residential area.
- Re-appointment of Shri Khurshed Thanawalla as Non-Executive Independent Director proposed.