Board fixes 30 October 2026 as record date for Rs. 1.50 interim dividend
The board fixed 30 October 2026 (Friday) as the record date for the interim dividend of Rs. 1.50 per share (face value Rs. 1/-) for 2026-27.
By ScoutQuest · · 3 min read
- Record Date
- 30 October 2026 (Friday)
- Interim Dividend
- Rs. 1.50 per share (face value Rs. 1/-)
- Payment Date
- on or before 21 November 2026
What the board decided
The board of directors met on Friday, 23 October 2026 and, among other items, fixed the record date for the interim dividend declared for the financial year 2026-27.
Dividend and record date
- Interim dividend of Rs. 1.50 (Rupees One and Fifty Paise only) per equity share of the face value of Rs. 1/- (Rupee one only) each for the financial year 2026-27.
- Record date: 30th October, 2026 (Friday), fixed for ascertaining the eligibility of shareholders for payment of the interim dividend.
- The dividend will be paid on or before 21st November, 2026.
- It is payable on the entire paid-up equity share capital of 157265105 equity shares.
What a record date means
It is the cut-off day. A shareholder whose name appears on the company's register on 30 October 2026 is treated as eligible for the Rs. 1.50 per share payout.
Results approved at the same meeting
- Standalone revenue from operations for the quarter ended 30 September 2026 was Rs. 1,92,992.15 lakh, against Rs. 1,20,056.93 lakh in the same quarter a year earlier.
- Standalone profit after tax for the quarter was Rs. 11,878.25 lakh, against Rs. 3,852.62 lakh a year earlier.
- For the half year ended 30 September 2026, standalone revenue from operations was Rs. 3,43,973.98 lakh and profit after tax was Rs. 19,029.46 lakh.
- Basic earnings per share for the quarter: Rs. 7.55, against Rs. 2.45 in the same quarter a year earlier.
- On a consolidated basis, profit after tax was Rs. 11,694.67 lakh for the quarter and Rs. 18,639.81 lakh for the half year.
These are unaudited results, reviewed by the audit committee and the board, with a limited review by the statutory auditors.
New greenfield plant approved
The board approved the proposal for setting up a state-of-the-art greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, for the manufacture of alloy wheels, steel wheels for passenger vehicles and OTR (off-the-road) applications, and a hot stamping line. It is subject to grant of requisite approvals and clearances. The estimated total project outlay is expected to be Rs. 1400 Crores, spread over an estimated time period of 60 months. A greenfield facility means a new plant built on a new site rather than an expansion of an existing one.
Senior management appointment
The board approved the appointment of Sh. Pranav Jain as Vice-President (Finance & Accounts), one of the senior management personnel of the company, with effect from 23rd October, 2026, upon recommendation of the Nomination and Remuneration Committee.
Lease renewal
The board approved the renewal of the lease agreement between the company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary of the company, for a period of up to 5 years commencing from 26.11.2026, on the same terms and conditions as previously approved, for taking premises on leasehold basis from AACL.
How to read the announcement
- The record date of 30 October 2026 is the practical detail for existing shareholders: it decides who receives the Rs. 1.50 per equity share payout.
- The financial results give the board-approved quarterly and half-yearly numbers for the June-September 2026 period, in both standalone and consolidated form.
- The greenfield project is a large, multi-year commitment sized at Rs. 1400 Crores over about 60 months, and is subject to requisite approvals and clearances.
- The lease renewal is with a wholly owned subsidiary, so it is an arrangement within the group.
Also from Steel Strips Wheels
Steel Strips Wheels posts record Q2 FY27: revenue up 61% to Rs. 1,930 Crs., PAT up 208%; approves ~Rs. 1,400 Crs. greenfield plant
23 Oct 2026
Board approves lease renewal with wholly owned subsidiary for up to 5 years from 26.11.2026
23 Oct 2026
Board approves proposal for greenfield wheels plant in Maharashtra with hot stamping line
23 Oct 2026
More numbers
- Interim dividend per equity shareRs. 1.50
- Paid-up equity shares on which dividend is paid157265105
- Estimated total project outlay for greenfield facilityRs. 1400 Crores
- Estimated time period for the greenfield project60 months
- Standalone revenue from operations, quarter ended 30 Sep 20261,92,992.15
- Standalone profit after tax, quarter ended 30 Sep 202611,878.25
- Standalone profit after tax, half year ended 30 Sep 202619,029.46
- Basic earnings per share, quarter ended 30 Sep 20267.55
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