Company Overview
Nirlon Limited (Scrip Code: 500307) reported strong financial performance for FY 2025-26 with net profit of ₹345.97 crore, representing a 58.6% YoY increase from ₹218.19 crore in previous year. Gross income from operations stood at ₹683.32 crore, supported by robust performance at Nirlon Knowledge Park which maintained 99.1% occupancy and generated approximately ₹590.08 crore in license fees.
Dividend Declaration & Corporate Actions
The Board recommended a final dividend of ₹15 per share (150%) for FY 2025-26, amounting to ₹135.18 crore, following an interim dividend of ₹15 per share paid during the year. Total dividend payout for the year amounts to ₹270.36 crore. The company will hold its 67th Annual General Meeting on September 18, 2026 through video conferencing to seek shareholder approval for the dividend declaration and reappointment of Mr. Kunnasagaran Chinniah as Director.
Financial Position & Borrowings
As of March 31, 2026, the company maintained total assets of ₹224.97 crore with investment properties carrying value of ₹183.14 crore (fair value ₹664.97 crore per independent valuation). Outstanding secured loan from Hongkong Shanghai Banking Corporation Limited stood at ₹115 crore with CRISIL AA+/Stable rating. The company exercised option under Section 115BAA of Income Tax Act, resulting in tax expense of ₹25.96 crore compared to ₹120.22 crore in previous year.
ESG Performance & Sustainability Initiatives
Nirlon demonstrated exceptional environmental performance with 100% renewable electricity sourcing for common areas, resulting in zero Scope 2 emissions. The company achieved multiple certifications including LEED Gold for Phases 1-4, LEED Platinum for Phase 5, LEED Zero Water, and TRUE Platinum Rating for waste management. Energy consumption totaled 37.54 million mega joules with water withdrawal of 81,897 kiloliters, while maintaining 100% waste recovery through recycling/re-use programs.
Corporate Governance & Compliance
The Board comprised six directors including three independent directors, with six meetings held during the year. Related party transactions with Nirlon Management Services Pvt. Ltd. amounted to ₹1,772.24 lakhs for property management services and ₹1,056.93 lakhs for marketing fees, approved as arm's length transactions. Auditors issued unqualified opinion with related party transactions identified as key audit matter.
Important Dates & Shareholder Information
- Record Date for Dividend: September 3, 2026
- Book Closure: September 4-18, 2026
- AGM Date: September 18, 2026
- Dividend Payment: After September 23, 2026
- E-Voting Period: September 14-17, 2026
The company maintains strong operational performance with continued focus on sustainability initiatives and high occupancy levels at its flagship Nirlon Knowledge Park property.