Shivalik Rasayan Board Approves FY26 Results, Recommends 10% Dividend
Shivalik Rasayan Limited's Board approved audited financial results for FY26 on May 27, 2026. A 10% final dividend (50 paise/share) was recommended. The company appointed new internal and cost auditors and reconstituted board committees following a director's resignation. Revised financial results were submitted to NSE to correct a missing note.
The approval of financial results, dividend recommendation, and auditor appointments are material events for shareholders and stakeholders. The changes in board committees and the clarification to the stock exchange also impact corporate governance and regulatory compliance.
The announcement details routine financial reporting, dividend recommendation, auditor appointments, and committee reconstitutions. While the dividend is positive, the other aspects are standard corporate governance and operational updates. The clarification to NSE is a procedural correction.
Shivalik Rasayan Limited announced the audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, in their meeting held on May 27, 2026, approved these results. They also recommended a final dividend of 10% on equity shares, amounting to 50 paise per equity share, subject to shareholder approval at the upcoming Annual General Meeting.
During the board meeting, several other key decisions were made. M/s Amar Sharma & Co. resigned as Internal Auditor due to pre-occupations, and based on the Audit Committee's recommendation, M/s Arun Agarwal & Co. was appointed as the new Internal Auditor for the financial year 2026-27. Additionally, M/s Cheena & Associates were appointed as the Cost Auditor for the same financial year. Mr. Sanjay Bansal resigned as a Non-Executive Director, leading to the reconstitution of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee, effective May 27, 2026.
The company also addressed an observation from the National Stock Exchange regarding a missing consolidated balancing figure note in the previously submitted financial results. Shivalik Rasayan informed the exchange that this was an inadvertent omission and submitted revised results with the note annexed.
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Shivalik Rasayan 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 Shivalik Rasayan Limited. Read the original for the full detail.