Arex Industries Limited has fixed September 16, 2026, as the record date for its proposed final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026. The company notified the Bombay Stock Exchange on July 29, 2026, confirming that shareholders holding equity shares as of this date will be eligible to receive the dividend, subject to approval at the ensuing Annual General Meeting (AGM). This clarification provides certainty on the entitlement timeline for investors following the Board’s earlier recommendation of a 25% dividend.

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In its Board Meeting held on July 29, 2026, Arex Industries also rectified a clerical error in its standalone audited financial results originally filed on May 21, 2026. Statutory auditors Sweta Patel & Associates confirmed that the correction pertained only to the Other Comprehensive Income (After Tax) and Total Comprehensive Income line items, with no impact on net profit, revenue, or balance sheet figures.

Dividend Eligibility and Payment

Shareholders whose names appear in the Register of Members or on the records of National Securities Depositories Limited (NSDL) or Central Depositories Services (India) Limited (CDSL) as beneficial owners on Wednesday, September 16, 2026, will be eligible for the dividend. If approved by members at the AGM, the dividend will be paid within the statutory time limit. The Board, led by Managing Director Neel Bilgi, emphasized that these steps ensure accurate dissemination of financial information and timely communication of shareholder benefits.

Financial Performance Overview

For the year ended March 31, 2026, Arex Industries reported a net profit of ₹148.15 lakh, down from ₹263.41 lakh in FY25. Revenue from operations stood at ₹4,963.74 lakh, compared to ₹5,114.11 lakh in the previous fiscal year. In Q4FY26, the company recorded a net loss of ₹2.59 lakh, contrasting with a net profit of ₹25.75 lakh in the same quarter last year.

What the Numbers Show

The company’s total comprehensive income for FY26 was corrected to ₹137.28 lakh, down from ₹263.41 lakh in FY25. This decline is driven by a negative Other Comprehensive Income (OCI) of ₹(14.54) lakh in FY26, compared to nil in the previous year. The OCI component includes items that will not be reclassified to profit or loss, adjusted for an income tax impact of ₹3.66 lakh. Despite the drop in comprehensive income, core operational profitability remains positive, with profit before tax at ₹191.88 lakh for the full year.

Arex Industries reported a net profit of ₹880.78 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a net loss of ₹24.69 lakh in the same period last year. The dramatic turnaround was driven by a one-time exceptional gain of ₹954 lakh from the maturity of a keyman insurance policy, rather than operational performance. Revenue from operations rose 26.8% year-on-year to ₹1,428.42 lakh, reflecting steady top-line growth amidst the non-recurring income spike.

The Board of Directors approved the unaudited financial results during its meeting held on July 29, 2026. The statutory auditors, Sweta Patel & Associates, conducted a limited review of the standalone financial results in accordance with Standard on Review Engagement (SRE) 2410. The company also fixed the book closure dates for the final dividend from September 17, 2026, to September 23, 2026, with September 16, 2026, as the record date.

Financial Performance

Operational profitability remained subdued despite the revenue increase. Profit before tax from ordinary operations stood at ₹224.31 lakh, up significantly from ₹34.08 lakh in Q1FY26. However, the inclusion of the ₹954 lakh exceptional item pushed the total profit before tax to ₹1,178.31 lakh. After accounting for tax expenses of ₹297.53 lakh, the net profit for the period reached ₹880.78 lakh. Earnings per share (basic) were ₹24.47, compared to ₹0.69 in the previous year’s corresponding quarter.

What the Numbers Show

The financial data reveals a stark divergence between operational health and bottom-line reporting. While revenue growth of nearly 27% indicates strong demand or pricing power, the core operating profit margin remains thin. The net profit figure is heavily distorted by the ₹954 lakh insurance maturity proceeds, which accounted for approximately 81% of the total profit before tax. Investors should note that this is a non-recurring event unrelated to ordinary business activities, meaning the sustainable earnings power of the company is better reflected in the ₹224.31 lakh ordinary profit before tax.

Corporate Actions

The Board also approved the re-appointment of Mr. Aviv Divekar as a Non-Executive Independent Director for a second and final term of five years, effective from September 1, 2026, to August 31, 2031, subject to shareholder approval. The company will hold its 37th Annual General Meeting on September 23, 2026, via video conferencing. Remote e-voting will be available from September 20, 2026, at 9:00 a.m. IST to September 22, 2026, at 5:00 p.m. IST.