Share India Securities540725Dividend news update

Board declares second interim dividend of ₹ 0.40 per share for FY 2026-27

Second interim dividend of ₹ 0.40/- per equity share (face value ₹2/-) declared for FY 2026-27.

By ScoutQuest · Fri 30 Oct 2026, 9:33 PM IST · 3 min read

The Board declared a second interim dividend of ₹ 0.40/- (Forty Paisa only) per equity share of face value of ₹2/- (Rupees Two only) for the Financial Year 2026-27.
The record date to decide which shareholders are eligible is Thursday, November 05, 2026.
Payment to eligible shareholders will be made on or before Friday, November 27, 2026.

The Board approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports on them.
It also noted or approved the Security Cover Certificate for the quarter and half year ended September 30, 2026, a statement on utilisation of issue proceeds of Non-Convertible Debentures for the quarter ended September 30, 2026, and a statement of deviation or variation in use of those proceeds.

The Board approved raising funds by issuing debt securities, including but not limited to Non-Convertible Debentures (NCDs) and Commercial Papers (CPs), up to Rs. 100 Crores on a private placement basis.
The Finance Committee of the Board has been authorised to finalise the terms of issue and to take related actions.

The Board approved the proposal for the amalgamation of Ace Alpha Tech Limited (the amalgamating company, a listed company) with the company as a going concern under Sections 230 to 232 of the Companies Act, 2013 and related rules.
The Management has been authorised to obtain the valuation report, fairness opinion, auditor's certificate and other approvals, and the draft Scheme of Amalgamation is to be placed before the Board at a subsequent meeting.
The scheme is subject to receipt of necessary statutory and regulatory approvals, including no-objection or observation letters from the Stock Exchanges, no-objection from SEBI wherever applicable, and sanction of the Hon'ble National Company Law Tribunal.

Mr. Krishan Singh Barguzar (DIN: 09811904) was approved as an Additional Director designated as a Non-Executive Independent Director, subject to receipt of prior approvals from the National Stock Exchange of India Limited, BSE Limited, Multi Commodity Exchange of India Limited, Metropolitan Stock Exchange of India Limited, National Commodity and Derivatives Exchange and NSE Clearing Limited.
The appointment takes effect from the date of receipt of those approvals. He is not related to any Director of the Company.
His background: over four decades of experience at the State Bank of India, including as Chief General Manager, across corporate banking, credit policy, risk management, stressed asset resolution, regulatory compliance, retail and international banking.

The announcement combines a cash payout (interim dividend), fresh debt fund raising, a proposed merger of a listed entity into the company, and a board addition.
The dividend, the borrowing limit and the amalgamation proposal are three separate decisions; the payout is the item with a fixed record date and payment timeline, while the amalgamation is at a proposal stage and needs further board action and multiple approvals.

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