Coal India Q3 FY26: Dividend toh aaya, par auditor ne bajai warning bell!
Chalo, sabse pehle positive news pe focus karte hain. Coal India Limited (CIL) ne FY25-26 ke liye ₹5.50 per equity share ka teesra interim dividend declare kiya hai. Ye dividend ₹10 face value wale shares par hai aur 13 March 2026 tak shareholders ke accounts mein aa jayega. Record date 18 Feb 2026 rakhi gayi hai.
Ab aate hain woh chizein jo thoda sochne par majboor karti hain. Auditor ki report mein kuch bade points hain:
- SEBI Compliance Ka Chakkar: CIL ko SEBI ke regulations ko lekar kuch pending issues face karne pad rahe hain, khaas kar board mein independent directors ki sankhya ko lekar. Itni hi nahi, company ki do subsidiaries mein women directors ko lekar bhi rules follow nahi ho rahe.
- Supreme Court Ka Case: Supreme Court mein mining par state government dwara lagaye jaane wale levies ko lekar jo decision chal raha hai, uska kya financial impact hoga, yeh abhi decide hona baaki hai.
- Coal Blocks Ka Impairment: CIL ki ek subsidiary, SECL, ke Eco Sensitive Zones mein aane wale coal blocks ko lekar ₹553.31 Crore ka impairment (yani unki value kam ho gayi hai ya future mein unse fayda kam hoga) record kiya gaya hai. Yeh ek badi figure hai!
- Executive Pay Scale Ka Bhar: Executive pay scales ko upgrade karne ki wajah se, lagbhag ₹2,201 Crore ka financial impact aaya hai jo August 2023 se December 2025 tak ke liye accounting mein add kiya gaya hai. Matlab company ke kharch badh gaye hain.
- Naye Labour Codes: Management ka kehna hai ki naye Labour Codes se abhi koi badi financial liability nahi dikh rahi.
BCCL Mein Stake Sale Ki Bhi Khabar
Iske alawa, Coal India ne apni ek subsidiary, Bharat Coking Coal Limited (BCCL), mein apne 10% equity stake ko sell kar diya hai. Ab CIL ke paas BCCL ka 90% stake bacha hai.
Overall View:
Dividend toh achha hai, par auditor ki yeh chintaayein nazarandaaz karne wali nahi hain. SEBI compliance aur Supreme Court levy wale issues mein regulatory action ya future mein financial burden aa sakta hai. Coal blocks ka impairment bhi future profitability par asar dal sakta hai. Investors ko CIL ke next moves aur in issues ko kaise handle kiya jata hai, is par dhyan rakhna hoga.