Nahar Spinning Mills Announces Final Dividend for FY26
Nahar Spinning Mills Limited (NSE: NAHARSPING) has informed the stock exchanges that its Board of Directors, at a meeting held on May 28, 2026, recommended a final dividend of Re 1 per equity share for the financial year 2025-26.
The dividend recommendation is subject to the approval of shareholders at the company's upcoming Annual General Meeting (AGM). The record date for determining eligible shareholders will be announced in due course.
Dividend Details
Key highlights from the board meeting:
- Dividend Amount: Re 1 per equity share (face value of Rs 10 each)
- Type: Final dividend for FY26
- Approval Status: Recommended by Board, subject to shareholder nod
- Meeting Date: May 28, 2026
About Nahar Spinning Mills
Nahar Spinning Mills is a leading textile manufacturer based in Ludhiana, Punjab. The company is part of the Nahar Group and is engaged in the production of cotton yarn, synthetic yarn, and blended yarn. It also has a presence in the retail segment through its 'Nahar' brand of readymade garments.
The company has a paid-up equity capital of Rs 36.05 crore, with each share having a face value of Rs 10. The recommended dividend of Re 1 per share translates to a payout of approximately Rs 3.60 crore, subject to shareholder approval.
What Investors Should Know
For investors holding NAHARSPING shares, the final dividend will be paid to those whose names appear in the company's register of members on the record date. The company will announce the record date and payment schedule after the AGM.
The dividend yield based on the current market price will be known once the stock price is factored in. Historically, Nahar Spinning Mills has maintained a consistent dividend payout policy.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisor before making any investment decisions. The information is based on company filings with the stock exchange and may be subject to change.