Rane (Madras) Recommends ₹16 Dividend; Approves FY26 Results
Rane (Madras) Limited reported FY26 revenue of ₹3,863.42 crore and profit before tax of ₹149.72 crore. The company recommended a dividend of ₹16 per share for FY26. The 22nd AGM is scheduled for August 5, 2026, with a record date of July 29, 2026. The dividend payment is expected by August 14, 2026.
The recommendation of a dividend and the reporting of financial results are material information for investors, but the core business performance metrics do not show exceptionally high growth or decline.
The company reported its annual and quarterly results, recommended a dividend, and scheduled its AGM, all positive developments.
Rane (Madras) Limited announced the outcome of its Board Meeting held on May 06, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company recommended a dividend of ₹16 per equity share for the financial year 2025-26, subject to shareholder approval at the 22nd Annual General Meeting (AGM) scheduled for August 05, 2026. The cut-off date for e-voting and determining eligible shareholders for the dividend is July 29, 2026. The dividend, if declared, will be paid on August 14, 2026. The Board also reconstituted the composition of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder's Relationship Committee, effective July 01, 2026. Additionally, the company designated officials to determine the materiality of events or information as per SEBI LODR regulations.
The audited financial results for the year ended March 31, 2026, show revenue from operations of ₹3,863.42 crores (standalone) and ₹3,862.92 crores (standalone). Profit before tax stood at ₹149.72 crores (standalone) and ₹145.76 crores (standalone). For the quarter ended March 31, 2026, revenue from operations was ₹1,047.87 crores (standalone) and ₹1,047.87 crores (standalone), with a profit before tax of ₹48.82 crores (standalone) and ₹48.55 crores (standalone). The company reported a net profit of ₹111.44 crores (standalone) for the year ended March 31, 2026.
The company also disclosed that it has entered into an agreement to sell 3.48 acres of land in Velachery for ₹361.18 crores, having received an advance of ₹145 crores till March 31, 2026. The carrying value of the land classified under 'Assets Held-for-Sale' is ₹0.02 crores. The company has also recorded the incremental impact of new labor codes on employee benefits.
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Rane (Madras) 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 medium impact: worth reading, rarely worth acting on by itself.
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