Balkrishna Industries recommends ₹4 dividend; approves FY26 results & auditor appointments
Balkrishna Industries' Board approved FY26 audited financial results. Recommended a final dividend of ₹4 per share. Re-appointed Vipul Shah as Director & Company Secretary for 5 years. Appointed Deloitte Haskins & Sells LLP as Joint Statutory Auditor for 5 years. Approved ₹2,000 crore capex.
The announcement includes audited financial results, dividend recommendation, significant capex approval, and key management and auditor appointments, which are material events for the company and its stakeholders.
The company reported positive financial results, recommended a dividend, and made key appointments and strategic decisions regarding capex, all of which are generally viewed favorably by investors.
Balkrishna Industries Limited's Board of Directors, in their meeting held on May 8, 2026, approved the audited financial statements (standalone and consolidated) for the financial year ended March 31, 2026. The Board also approved the audited financial results for the quarter and year ended March 31, 2026. A final dividend of ₹4 per equity share (200%) for the year ended March 31, 2026, has been recommended, subject to shareholder approval at the upcoming 64th Annual General Meeting (AGM).
Furthermore, the Board approved the re-appointment of Mr. Vipul Shah as Whole Time Director, designated as Director & Company Secretary, for a five-year term effective February 11, 2027. The company also appointed M/s. Deloitte Haskins & Sells LLP as Joint Statutory Auditor for five consecutive years, commencing from the conclusion of the 64th AGM until the 69th AGM, subject to shareholder approval.
The meeting commenced at 4:15 p.m. and concluded at 6:16 p.m. The company reported total income of ₹2,937.54 crore for the standalone March 2026 quarter and ₹11,068.21 crore for the full standalone year. Profit before tax for the quarter stood at ₹394.99 crore, while for the full year it was ₹1,616.82 crore. For the consolidated results, total income was ₹2,928.90 crore for the quarter and ₹11,074.91 crore for the year. Profit before tax for the consolidated quarter was ₹400.94 crore and ₹1,643.68 crore for the full year.
Additionally, the company approved an additional capex of ₹2,000 crore for capacity expansion, infrastructure development, AI-enabled automation, and sustainability initiatives. The Carbon black capacity is expected to be completed by the end of FY27, with Passenger Car Radial Tyres and Off Highway Tyres facilities running on schedule.
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