Sula Vineyards Approves Final Dividend of ₹2 and Sets AGM for June 25, 2026
Sula Vineyards reported audited financial results for FY26. The company recommended a final dividend of ₹2 per share. The 23rd AGM is scheduled for June 25, 2026, with a record date of May 22, 2026, for dividend distribution. Net profit for FY26 was ₹25.65 crore.
The declaration of a final dividend and the setting of the AGM date are material events for shareholders. The financial results provide a snapshot of the company's performance, influencing investor decisions.
The announcement includes the financial results and a dividend recommendation. While the results are reported, the dividend amount is lower than the previous year, leading to a neutral sentiment. The AGM and record date are procedural details.
Sula Vineyards Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, in a meeting held on May 6, 2026, recommended a final dividend of ₹2 per ordinary equity share (100%) for the financial year ended March 31, 2026. This is a decrease from the ₹3.6 per share dividend declared for the previous financial year.
The Board also approved the date for the 23rd Annual General Meeting (AGM) to be held on Thursday, June 25, 2026, through video conferencing. The record date for determining shareholder eligibility for the dividend payment has been set as Friday, May 22, 2026. The dividend, subject to shareholder approval at the AGM, will be paid within 30 days of the AGM.
The company's financial results showed a net profit of ₹8.69 crore for the quarter ended March 31, 2026, and ₹25.65 crore for the full financial year ended March 31, 2026. The consolidated balance sheet as of March 31, 2026, shows total assets of ₹1,095.52 crore and total equity of ₹587.40 crore. The cash flow statement indicates net cash generated from operating activities of ₹100.75 crore for the year ended March 31, 2026.
The auditors, Walker Chandiok & Co LLP, have issued an unmodified audit report on both the standalone and consolidated financial results, stating that they present a true and fair view in accordance with Indian Accounting Standards.
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Sula Vineyards 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 Sula Vineyards Limited. Read the original for the full detail.