Board Meeting27 May 2026, 09:41 pm
Uni Abex: Board Approves FY26 Results, ₹100 Dividend
AI Summary
Uni Abex Alloy Products Ltd's board approved the audited financial results for FY26 and recommended a total dividend of ₹100 per share (1000% of face value ₹10). This includes a regular dividend of ₹40 per share (400%) and a special dividend of ₹60 per share (600%) due to the Thane land sale. The board also elevated Mr. Nisar Hassan from COO & Manager to CEO, effective immediately. The meeting concluded at 7:50 p.m. (IST).
Key Highlights
- Approved audited financial results for FY26 and unaudited results for the quarter ended March 31, 2026.
- Recommended a total dividend of ₹100 per share (1000%) for FY 2025-26, subject to shareholder approval.
- Elevated Mr. Nisar Hassan to the post of Chief Executive Officer with immediate effect.
- Mr. Jayant Divekar (CFO) and Mr. Bhautesh Shah (Company Secretary) will continue as officers for determining materiality of events.
Price Impact
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