Asi Industries has declared a final dividend of Re.0.40 (40%) per equity share of face value ₹1 each for the financial year ended March 31, 2026. The payout is subject to shareholder approval at the upcoming annual general meeting.

The company will hold its 80th Annual General Meeting on Tuesday, September 22, 2026, at 11:30 am through video conferencing or other audio-visual means. Shareholders on record as of September 16, 2026, will be eligible to receive the dividend and vote on the resolutions.

Corporate Action Details

The Register of Members and Share Transfer books will remain closed from Thursday, September 17, 2026, to Tuesday, September 22, 2026, both days inclusive. This closure determines eligibility for voting rights and dividend entitlements associated with the AGM.

The e-voting window for all resolutions opens on Saturday, September 19, 2026, at 9:00 am and closes on Monday, September 21, 2026, at 5:00 pm. Central Depository Services (India) Limited (CDSL) will facilitate the remote e-voting process.

Agenda Highlights

In addition to the dividend declaration, the AGM will address several key business items:

• Adoption of audited financial statements for FY26 along with Board and Auditor reports.
• Reappointment of Mr. Tushya Jatia as a director, who retires by rotation.
• Ratification of remuneration for Cost Auditors M/s. N.D. Birla & Co. for FY27, fixed at ₹40,000 excluding taxes and out-of-pocket expenses.

The announcement was issued by Manish P. Kakrai, Company Secretary, on August 25, 2026, and filed with the Bombay Stock Exchange Limited.

Asi Industries reported a 10.8% decline in net profit for FY26, driven by a contraction in revenue from operations. The mining and natural stone processing company declared a final dividend of ₹0.40 per equity share.

The Board of Directors approved the financial results in its meeting held on May 18, 2026. The Annual Report was filed with the Bombay Stock Exchange on August 25, 2026.

Financial Performance

Total revenue stood at ₹1,689.5 crore for the year ended March 31, 2026, down from ₹1,741.0 crore in FY25. Revenue from operations specifically fell to ₹1,494.1 crore compared to ₹1,547.7 crore previously.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) contracted by 9.0% to ₹397.5 crore. Finance costs increased to ₹22.8 crore from ₹17.3 crore, reflecting higher borrowing activity during the period.

What the Numbers Show

Other income remained robust at ₹195.3 crore, constituting approximately 11.6% of total revenue. This figure includes significant interest income on loans to others (₹159.8 crore) and gains on disposal of property, plant, and equipment (₹7.9 crore). The stability of other income partially offset the decline in core operating margins, keeping the net profit decline narrower than the EBITDA contraction.

Balance Sheet and Dividends

The company’s borrowings rose significantly. Non-current borrowings jumped to ₹134.0 crore from ₹15.8 crore, while current borrowings stood at ₹279.6 crore. The debt-equity ratio increased slightly to 0.11 times from 0.09 times.

The Board recommended a final dividend of ₹0.40 per share (40% payout), subject to shareholder approval at the Annual General Meeting scheduled for September 22, 2026.