Ddev Plastiks Board Approves FY26 Results, Recommends 125% Dividend
Ddev Plastiks reported audited financial results for FY26. The Board recommended a final dividend of 125% (Rs. 1.25 per share). The 6th AGM is scheduled for September 26, 2026. The company also plans to amend its MoA/AoA to include BESS projects.
The approval of financial results, recommendation of a high dividend payout, and strategic expansion into a new sector like BESS are material events for shareholders and the company's future.
The company reported positive financial results and recommended a substantial dividend, indicating financial health and shareholder returns. The expansion into BESS projects also signals future growth potential.
Ddev Plastiks Industries Limited announced the outcome of its Board Meeting held on May 25, 2026. The Board approved the Audited Financial Results for the fourth quarter and the financial year ended March 31, 2026, along with the Auditor's Report, which declared an unmodified opinion.
The company also approved the Board's Report and Annual Financial Statements for FY 2025-26, the Secretarial Audit and Annual Secretarial Compliance Report for FY 2025-26, and Related Party Transactions for the half-year and full year ended March 31, 2026.
A significant decision was the recommendation of a Final Dividend of 125% (Rs. 1.25 per equity share of Re. 1 each), subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for this dividend is September 19, 2026, with book closure from September 20 to September 26, 2026. The 6th AGM is scheduled for September 26, 2026, to be held via Video Conferencing.
Further, the Board approved amendments to the objective clause of the Memorandum of Association and relevant articles of the Articles of Association to include activities related to Battery Energy Storage System (BESS) projects. The company also appointed M/s D. Sabyasachi & Co. as Cost Auditors, M/s B. Chakrabarti & Associates as Internal Auditors, and M/s B. Mukherjee & Co. as Statutory Auditors for the upcoming financial year and a further term, respectively, subject to shareholder approval.
Additionally, the company reviewed and took on record the levy of fines by NSE and BSE for non-compliance with Regulation 29 regarding prior intimation for interim dividend declaration.
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Ddev Plastiks Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ddev Plastiks Industries Limited. Read the original for the full detail.