Key Dates and Regulatory References

  • Prior intimation submitted to NSE: April 24, 2026 (Ref: MWL/CS/NSE/2026-27/16)
  • Board Meeting Date: April 29, 2026
  • BSE listing application submitted: May 1, 2026 (Case No. 264520)
  • BSE listing effective: May 27, 2026 (BSE Notice No. 20260526-17)
  • Record Date for dividend: July 23, 2026
  • Stock split approval: June 20, 2026 via Postal Ballot

Listing Status and Compliance

On April 24, 2026 (date of prior intimation submission) and April 29, 2026 (date of board meeting), the company was exclusively listed on the National Stock Exchange of India Limited (NSE). The company submitted proper prior intimation to NSE in both PDF and XBRL formats for the board meeting scheduled to consider financial results and dividend recommendation.

The company applied for direct listing on BSE Limited on May 1, 2026, and was successfully listed on BSE through the Direct Listing route effective May 27, 2026. As part of the listing documentation, the company furnished all requisite documents including the Outcome of the Board Meeting held on April 29, 2026.

Dividend Details

The Board of Directors, at its meeting on April 29, 2026, recommended a final dividend of ₹0.30 (Thirty Paise only) per equity share having a face value of ₹10/- each, representing 3% of the face value, for the financial year ended March 31, 2026. This dividend is subject to approval of members at the ensuing Annual General Meeting.

Stock Split Impact

Shareholders approved the sub-division (stock split) of existing equity shares from face value of ₹10/- each to face value of Re.1/- each through Postal Ballot on June 20, 2026. If the sub-division becomes effective prior to dividend payment, the dividend shall be adjusted to Re.0.03 (Three Paise only) per equity share having face value of Re.1/- each (maintaining 3% of face value), ensuring aggregate dividend entitlement per shareholder remains unchanged.

Regulatory Position

The company asserts that requirement to submit prior intimation to BSE Limited under Regulation 29 was not applicable on April 24, 2026 since the company's equity shares were not listed on BSE at that time. The company maintains it duly complied with all applicable regulatory requirements by submitting requisite prior intimation to NSE within prescribed timelines.