Hikal Limited (HIKAL) — Corporate Action

📢 Key Event
Hikal Limited proposes final dividend of ₹0.60 per share for FY2025-26, subject to AGM approval

🔄 What Changed
Dividend proposal of ₹0.60 per share (30% of paid-up capital) replacing previous year's 70% payout; appointment of Sandip Parikh as Independent Director for 5 years

🔮 What's Next
Dividend payment contingent upon shareholder approval at the upcoming AGM

💡 Investor Takeaway
Shareholders must approve the proposed final dividend of ₹0.60 per share at the AGM before payment can be made

Hikal Limited announced a final dividend of ₹0.60 per share (30% of paid-up capital) for FY2025-26, subject to shareholder approval at the upcoming AGM, following a board-approved recommendation. The filing includes an unmodified audit report on consolidated financials for the year ended March 31, 2026, with key disclosures on exceptional items including a ₹471 million impairment charge and ₹115 million gratuity impact from new labour codes. Director Sandip Parikh was appointed as an Independent Director for a 5-year term effective May 27, 2026, pending shareholder ratification. Financial performance showed a profit before tax of ₹(783) million for the year, down from ₹1,238 million previously, with total income of ₹5,260 lakhs in Q4 FY2026. The company maintained its stance on no material environmental liabilities despite pending Supreme Court investigations.

📄 View Original Announcement (PDF)

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