Promoters Voluntarily Waive Final Dividend of Rs. 4,75,34,759.90 for FY26
Promoters and Promoter Group have voluntarily and unconditionally waived their entitlement to the final dividend for FY ended 31st March, 2026.
- Recommended Final Dividend Per Share
- ₹0.10 per equity share (face value ₹1)
- Total Dividend on All Shares
- ₹9,40,00,000
- Promoter Shares Held
- 47,53,47,599 shares
- Dividend Waived by Promoters
- ₹4,75,34,759.90
- Net Payable to Other Shareholders
- ₹4,64,65,240.10 on 46,46,52,401 shares
What was shared
The company informed the exchanges that its Promoters and Promoter Group have submitted written, unconditional declarations waiving their entitlement to the final dividend for the financial year ended 31st March, 2026, on the equity shares held by them.
The dividend in question
- Board recommended a final dividend of ₹0.10 per equity share of face value ₹1 each, subject to shareholder approval at the ensuing Annual General Meeting.
- Total equity shares outstanding: 94,00,00,000.
- Dividend on all shares would be ₹9,40,00,000.
What the promoters give up
- Shares held by Promoters and Promoter Group: 47,53,47,599.
- Dividend waived/foregone: ₹4,75,34,759.90.
- Net final dividend payable, if declared: ₹4,64,65,240.10 on 46,46,52,401 shares.
How to read it
The waiver is described as voluntary and unconditional, with no consideration or benefit payable by the company in lieu of it. The effect is that the cash actually leaving the company on account of the final dividend would be about half of what the full payout would have been, while shareholders outside the promoter group continue to receive ₹0.10 per share if the dividend is declared.
The dividend itself is still subject to declaration by members at the AGM and fulfilment of applicable statutory requirements.
Also from Syncom Formulations India
Final dividend of Rs. 0.10 (10%) per equity share approved at AGM for FY 2025-26
1 Oct 2026
Members approve appointment of Managing Director, Whole Time Director; Woman Independent Director re-appointed
1 Oct 2026
More numbers
- Final dividend per equity share₹0.10 per equity share
- Face value per share₹1
- Total equity shares outstanding94,00,00,000
- Total final dividend amount9,40,00,000
- Shares held by Promoters/Promoter Group47,53,47,599
- Dividend waived by Promoters/Promoter Group4,75,34,759.90
- Net final dividend payable, if declared4,64,65,240.10
- Shares eligible for net dividend46,46,52,401
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