High Energy Batteries Board Approves FY26 Results, Proposes Rs 3 Dividend

High Energy Batteries (India) Ltd announced that its board has approved the audited financial statements for the fiscal year ending March 31, 2026. The company recommended a dividend of Rs 3 per equity share (on a face value of Rs 2) and also amended its Code of Conduct and Whistle Blower Policy, effective May 12, 2026. Specific financial figures were not disclosed in the announcement.

Dividend and AGM Details

The board's recommendation for a Rs 3 per share dividend, pending shareholder approval at the 65th Annual General Meeting (AGM), aims to provide a tangible return to shareholders. The company has set June 12, 2026, as the record date to determine dividend entitlement, with payments expected by July 4, 2026. The AGM is scheduled for June 27, 2026.

Policy and Governance Updates

The approved updates to the Code of Conduct and Whistle Blower Policy reinforce the company's commitment to compliance and ethical standards.

Company Background

High Energy Batteries (India) Limited operates in the manufacturing of dry cell batteries and related allied products.

Auditor's Report

The auditors' report accompanying the FY2026 financial statements received an 'Unmodified Opinion'. This means the financial statements present a true and fair view without any significant issues raised by the auditors. The filing did not highlight specific risks or concerns related to the approved financials or policies.

Market Context

The Indian battery market includes competitors such as Eveready Industries India Ltd and Indo National Ltd (Panasonic). Exide Industries Ltd is another major player, with a more significant focus on automotive and industrial battery segments.

What to Watch

Investors will look to the 65th AGM on June 27, 2026, for shareholder approval of the proposed dividend. Future announcements containing detailed FY2026 financial figures will also be closely watched.