Shipping Corp of India Recommends 10% Dividend; Q4 FY26 Results Declared
Shipping Corporation of India declared its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of Re. 1 per equity share (10%), subject to shareholder approval at the upcoming AGM. The dividend, if approved, will be paid within 30 days.
The declaration of financial results and dividend recommendation are material events for the company, impacting investor decisions and potentially the stock price.
The company has announced positive financial results and recommended a dividend, which is generally viewed favorably by investors.
Shipping Corporation of India Limited (SCI) announced the outcome of its Board Meeting held on 08.05.2026, wherein the Board approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31.03.2026.
The Board has recommended a dividend of Re. 1 per equity share of face value Rs. 10 each, translating to a 10% dividend. This recommendation is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days of its approval at the AGM.
The meeting of the Board of Directors commenced at 1500 hours IST and concluded at 1830 hours IST. The company also submitted its audited financial results along with the Auditors' Report, which contained an unmodified opinion.
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Shipping Corporation Of 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 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 Shipping Corporation Of India Limited. Read the original for the full detail.