Deepak Fertilisers Board Approves FY26 Audited Results, Recommends ₹10 Dividend
Deepak Fertilisers approved audited standalone and consolidated financial results for FY26. The Board recommended a dividend of ₹10 per share. Key management changes include Mr. Sailesh C. Mehta's appointment as CMD of Deepak Mining Solutions and Mr. Yeshil S. Mehta's appointment as Additional Director. The 46th AGM is scheduled for September 1, 2026.
The approval of financial results, dividend recommendation, and significant management appointments are material events that can impact investor decisions and the company's strategic direction.
The announcement includes the approval of audited financial results, a dividend recommendation, and key management appointments, all of which are generally viewed positively by investors.
Deepak Fertilisers and Petrochemicals Corporation Limited announced the outcome of its Board Meeting held on May 28, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audit reports received were unmodified.
The Board recommended a dividend of ₹10 per equity share for the financial year ended March 31, 2026. This dividend, if declared at the upcoming Annual General Meeting (AGM), will be paid within 30 days. The Register of Members will be closed from August 26, 2026, to September 1, 2026, for dividend payment and the AGM. The record date for the dividend is August 25, 2026.
In a significant management restructuring, the Board approved the appointment of Mr. Sailesh C. Mehta, Chairman and Managing Director, as the Chairman & Managing Director of its wholly-owned subsidiary, Deepak Mining Solutions Limited (DMSL), effective June 1, 2026. He will also continue as Non-Executive Chairman of Mahadhan AgriTech Limited (MAL).
Furthermore, Mr. Yeshil S. Mehta was approved as an Additional Director (Non-executive Non-independent) effective July 1, 2026, subject to shareholder approval at the AGM. The company also approved the re-appointment of M/s P G Bhagwat LLP as Statutory Auditors for a second five-year term and M/s Harshad Deshpande & Associates as Cost Auditors for the financial year 2026-27.
The 46th AGM of the Company has been scheduled for Tuesday, September 1, 2026. The meeting commenced at 11:00 a.m. and concluded at 2:55 p.m.
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