Marine Electricals Board Approves Q1 FY27 Results, Recommends 15% Final Dividend
Marine Electricals (India) Limited announced its Q1 FY27 results, with standalone profit after tax at ₹16.73 crore and consolidated profit after tax at ₹17.51 crore. The Board recommended a final dividend of ₹0.30 per share. Key events include the AGM on September 30, 2026, and a record date of September 11, 2026, for dividend entitlement. The company also approved a change in the utilization of ₹149.22 crore raised via preferential allotment and direct listing on BSE.
The announcement includes financial results, dividend recommendation, a significant change in fund utilization, and a strategic move towards direct listing on a major stock exchange, all of which are material to investors.
The company reported positive financial results for the quarter, recommended a final dividend, and approved several strategic initiatives including a change in fund utilization and direct listing on BSE.
Marine Electricals (India) Limited announced the outcome of its Board Meeting held on Friday, 14th August 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026. They also recommended a Final Dividend of ₹0.30 per share (15%) for the Financial Year ended 31st March 2026, subject to shareholder approval at the 19th Annual General Meeting (AGM). The company has fixed Friday, 11th September 2026, as the record date for dividend entitlement. The 19th AGM is scheduled to be convened on Wednesday, 30th September 2026, at 3:00 P.M. IST via video conference. Additionally, the Board approved the change in the object of utilization of funds amounting to ₹149.22 crore raised via preferential allotment, pending shareholder approval. Approval was also granted for the direct listing of the company's equity shares on the Main Board of BSE Limited, subject to regulatory approvals.
M/s Joshi Apte & Associates have been appointed as the Cost Auditor for the financial year 2026-27. The Board Meeting commenced at 5:00 p.m. and concluded at 5:50 p.m. The company reported a profit after tax of ₹16.73 crore for the standalone quarter ended June 30, 2026, compared to ₹15.38 crore in the same quarter last year. Consolidated profit after tax stood at ₹17.51 crore for the quarter ended June 30, 2026, against ₹11.60 crore in the corresponding quarter of the previous year.
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Marine Electricals (India) 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 Marine Electricals (India) Limited. Read the original for the full detail.