GOCL Corp Recommends ₹30/Share Dividend, Re-appoints CFO Ravi Jain
GOCL Corporation recommended a final dividend of ₹30 per share for FY26. The Board re-appointed Ravi Jain as Whole-Time Director & CFO. It also approved providing security and corporate guarantee for loans up to ₹300 crore to HEIL. Shareholder approval will be sought for these matters.
The dividend announcement is positive for shareholders. The related party transaction, while requiring shareholder approval, involves a significant amount and potential future obligations. The re-appointment of a key executive provides stability.
The recommendation of a significant dividend and the re-appointment of a key executive are positive developments for the company.
GOCL Corporation Limited announced on May 29, 2026, that its Board of Directors has approved the audited financial results for the fourth quarter and financial year ended March 31, 2026. The Board recommended a final dividend of ₹30 per share (1500%) for the financial year 2025-26. This dividend will be paid to eligible shareholders within thirty days of approval at the upcoming Annual General Meeting (AGM).
In addition to the financial results and dividend, the Board approved the re-appointment of Mr. Ravi Jain as Whole-Time Director & Chief Financial Officer, subject to shareholder and statutory approvals. His re-appointment is effective from July 4, 2026, for a tenure of one year.
The Board also approved a proposal for GOCL to issue security on its land properties and provide a corporate guarantee for loans up to ₹300 crores to be availed by Hinduja Energy (India) Limited (HEIL), a holding company of Hinduja National Power Corporation Limited (HNPCL). Both HEIL and HNPCL are considered related parties. Shareholder approval will be sought for this material related party transaction, along with previous security/guarantee transactions with HEIL and HNPCL. The company also decided to take remedial actions regarding earlier related party transactions.
Shareholder approval for the re-appointment of Mr. Ravi Jain and the proposal for security/guarantee issuance will be sought through a postal ballot. The Board meeting commenced at 3:40 p.m. and concluded around 6:30 p.m. The company will inform the AGM date and Record Date in due course.
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GOCL Corporation Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GOCL Corporation Limited. Read the original for the full detail.