Dividend6 May 2026, 04:15 pm
Vimta Labs: Recommends ₹2 Dividend, Approves US Subsidiary
AI Summary
Vimta Labs Ltd. announced its audited financial results for the year ended March 31, 2026. The Board of Directors recommended a dividend of ₹2 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for June 25, 2026. The board also approved the incorporation of a wholly-owned subsidiary in the USA and the reappointment of Dr. S. P. Vasireddi as Executive Chairman for five years, pending shareholder approval. The meeting commenced at 11:30 AM and concluded at 03:32 PM.
Key Highlights
- Recommended dividend of ₹2 per share for FY 2025-26, subject to shareholder approval.
- Approved notice for the 36th Annual General Meeting to be held on June 25, 2026.
- Approved incorporation of a wholly-owned subsidiary in the USA.
- Reappointed Dr. S. P. Vasireddi as Executive Chairman for five years, subject to approval.
Price Impact
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