Kirloskar Ferrous Industries Limited announced its 35th AGM details and recommended a final dividend of ₹3 per share for FY2025-2026. The dividend payment is subject to shareholder approval.
Kirloskar Ferrous Industries Proposes ₹3 Final Dividend, Sets AGM Date
Kirloskar Ferrous Industries Ltd has announced its intention to pay a final dividend of ₹3 per equity share for the financial year 2025-2026. This recommendation is subject to shareholder approval at the company's 35th Annual General Meeting (AGM).
Reader Takeaway: Shareholders can expect a ₹3 dividend; AGM is virtual with specific voting deadlines.
What just happened
Kirloskar Ferrous Industries Limited (KFIL) has informed its shareholders about the details of its upcoming 35th AGM and the proposed final dividend for the financial year 2025-2026. The Board of Directors has recommended a final dividend of ₹3 per equity share, which translates to 60% of the company's face value of ₹5 per share.
Why this matters
This announcement is significant for shareholders as it details the final dividend payout for the fiscal year and provides crucial dates for participation in the AGM. The dividend, once approved, will be paid to eligible shareholders within thirty days of the AGM. Shareholders should also be aware that applicable taxes will be deducted at source.
The backstory
Kirloskar Ferrous Industries Limited is a part of the Kirloskar Group, engaged in the manufacturing of cast iron and ductile iron castings, and iron ore mining. The company has a history of distributing dividends to its shareholders, reflecting its financial performance and policy.
What changes now
The primary change is the formal recommendation of the dividend, which now awaits the final nod from the shareholders at the AGM. The company has also detailed the logistical arrangements for the AGM, including e-voting procedures and timelines.
Risks to watch
While the dividend recommendation is positive, it is contingent on shareholder approval at the AGM. Investors should also note that the dividend income is taxable, and tax will be deducted at source.
Peer comparison
Information not available in the filing.
Context metrics (time-bound)
- Recommended Final Dividend: ₹3 per equity share (FY2025-2026)
- Dividend Percentage: 60% of face value
- Face Value: ₹5 per share
- Record Date for Dividend: 17 July 2026
- AGM Date: 5 August 2026
- E-voting Cut-off Date: 29 July 2026
- Remote E-voting Period: 2 August 2026 (9:00 a.m. IST) to 4 August 2026 (5:00 p.m. IST)
What to track next
Shareholders should keep an eye on the outcome of the AGM on 5 August 2026, to confirm the dividend approval and the subsequent payment process. They should also ensure their details are updated for receiving the Annual Report and AGM notice electronically.