StockWatch
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Iron & Steel Products
Board Meeting30 Apr 2026, 01:44 pm

Usha Martin Board Approves FY26 Results, Recommends ₹3.75 Dividend

AI Summary

Usha Martin Ltd's Board of Directors, at its meeting held today, approved the standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, S R Batliboi & Co. LLP, issued an unmodified opinion on the financial results. The Board also recommended a dividend of ₹3.75 per equity share (375%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, M/s Mani & Co. were appointed as Cost Auditors and M/s. Deloitte Touche Tohmatsu India LLP as Internal Auditors for the financial year 2026-27.

Key Highlights

  • Board approved Q4 and FY26 standalone and consolidated financial results.
  • Statutory auditors issued an unmodified opinion on the financial results.
  • Recommended a dividend of ₹3.75 per equity share for FY26.
  • Appointed M/s Mani & Co. as Cost Auditors for FY27.
  • Appointed M/s. Deloitte Touche Tohmatsu India LLP as Internal Auditors for FY27.