Dhoot Industrial Finance to Pay Dividend, Seeks NBFC Exit

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AuthorIshaan Verma|Published at:
Dhoot Industrial Finance to Pay Dividend, Seeks NBFC Exit
Overview

Dhoot Industrial Finance's board approved its audited financials for the fiscal year 2026, recommending a dividend of ₹1.50 per share. The company is also applying to the Reserve Bank of India to de-register as a Non-Banking Financial Company (NBFC) and has appointed a new independent director.

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Dhoot Industrial Finance Reports FY26 Results, Plans NBFC De-registration

Net Profit FY2026: ₹17.99 crore | Revenue FY2026: ₹41.16 crore

Financial Performance and Dividend

Dhoot Industrial Finance Ltd announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹17.99 crore on revenue from operations of ₹41.16 crore. This compares to a net profit of ₹18.88 crore and revenue of ₹40.34 crore in the previous fiscal year (FY25). The Board of Directors has recommended a final dividend of ₹1.50 per equity share, subject to shareholder approval.

Strategic Pivot: Exiting NBFC Operations

In a significant strategic move, the company proposed to apply to the Reserve Bank of India (RBI) to de-register as a Non-Banking Financial Company (NBFC) effective July 1, 2026. The application window for this de-registration closes on December 31, 2026. This move signals a major shift in Dhoot Industrial Finance's business model and regulatory oversight.

Governance Enhancements

The company also updated its governance structure by appointing Ms. Priyanka Kothari as an Additional Independent Director for a five-year term. Additionally, M/s. P. P. Mutha & Associates were appointed as Internal Auditors for the fiscal year 2026-27.

Future Outlook and Risks

If the RBI approves the de-registration, Dhoot Industrial Finance will cease to operate as an NBFC from July 1, 2026. This transition is expected to lead to changes in its operational focus and compliance requirements. The primary risk lies in obtaining the necessary RBI approval, as any delays or rejections could impact the company's strategic plans. Investors will be watching the company's performance and strategy following this potential transition.

Key Metrics

  • Net Profit FY2026: ₹17.99 crore (down from ₹18.88 crore in FY2025)
  • Revenue FY2026: ₹41.16 crore (up from ₹40.34 crore in FY2025)
  • Recommended Dividend: ₹1.50 per share
  • NBFC De-registration Target Date: July 1, 2026

What to Monitor

Key developments to follow include shareholder voting on the dividend proposal, the RBI's decision on the NBFC de-registration application, and the company's evolving business strategy and financial results after this potential change.

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