Board Recommends Final Dividend for FY2025-26
The Board of Directors of Lumax Industries (NSE: LUMAXIND) held a meeting on May 28, 2026, and recommended a final dividend of Rs 55 per equity share for the financial year ended March 31, 2026. This represents a 550% dividend on the face value of Rs 10 per share.
Dividend Details
The recommended dividend is subject to approval by shareholders at the ensuing Annual General Meeting (AGM). Key details from the announcement:
- Dividend per share: Rs 55
- Dividend rate: 550% of face value
- Face value per share: Rs 10
- Financial year: 2025-26
- Board meeting date: May 28, 2026
- Status: Recommended (subject to shareholder approval)
Understanding the Dividend Payout
A 550% dividend means that for every share held, the company proposes to pay Rs 55. With the face value of Rs 10, this payout reflects the company's policy of distributing a significant portion of its profits to shareholders. The final dividend, if approved, will be in addition to any interim dividends declared during the year.
Next Steps for Shareholders
Shareholders on the record date (to be announced later) will be eligible to vote on the dividend proposal at the AGM. If approved, the dividend will be paid within 30 days of the AGM. Investors should track the company's AGM notice for exact dates and record date.
About Lumax Industries
Lumax Industries is an auto component manufacturer listed on the NSE under the symbol LUMAXIND. The company has a history of rewarding shareholders with regular dividends, subject to business performance and board decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.