Board Meeting Details
The Board of Directors meeting was held on Saturday, May 30, 2026, commencing at 7:30 PM and concluding at 9:30 PM at the company's Registered Office at 10 Mill Officers Colony, Behind Old RBI, Ashram Road, Ahmedabad, Gujarat 380009.
Key Approvals and Considerations
Financial Results Approval:
- The Board considered and approved the Audited Financial Results for the quarter and year ended March 31, 2026
- Approved the Statement of Assets & Liabilities as on March 31, 2026
- Approved the Cash Flow Statement as on March 31, 2026
- This approval was made pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and amendments thereof
- The results were audited by the company's Statutory Auditors
Audit Report Consideration:
- The Board took note of the Auditors Report which contained an unmodified opinion
- The Board considered and approved the Declaration for Non-Applicability of Statement of Impact of Auditor Qualification for the period ended March 31, 2026
Dividend Recommendation:
- The Board recommended a Final Dividend of ₹0.49 per Equity Share of ₹10 each for the financial year 2025-2026
- The dividend payment is subject to approval by shareholders at the ensuing Annual General Meeting
Regulatory Compliance Declaration
A separate declaration was made pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended by SEBI (Listing Obligation, and Disclosure Requirements) (Amendment) Regulations, 2016 and SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.
The declaration confirms that the Statutory Auditors issued an Audit Report with unmodified opinion on the Audited Financial Results for the quarter and year ended March 31, 2026.
Financial Impact
Specific financial figures from the results are not disclosed in this filing. The dividend recommendation, if approved by shareholders, will result in a cash outflow to shareholders.