Cospower Engineering has fixed September 22, 2026 as the record date to determine shareholders eligible for the final dividend of ₹1.00 per equity share for FY26.

The company announced the date in a filing with the BSE on September 5, 2026. The dividend pertains to equity shares with a face value of ₹10 each.

Approval and Payment Timeline

The final dividend requires formal approval at the Annual General Meeting (AGM) scheduled for September 29, 2026. If declared by shareholders at the meeting, the company will disburse the payment within 30 days of the AGM.

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. Oswald Rosario D'Souza, Whole Time Director, signed the disclosure.

CosPower Engineering Limited reported a net profit of ₹1,302.22 lakh for the financial year ended March 31, 2026, a sharp increase from ₹153.28 lakh in the previous year. The company's board, which met on May 27, 2026, approved the audited financial results and recommended a final dividend of ₹1.00 per equity share, subject to shareholder approval. Revenue from operations for the year surged to ₹10,717.33 lakh, compared to ₹2,770.13 lakh in FY25.

Financial Performance

The standalone financial results for the year ended March 31, 2026, show a robust turnaround in profitability. Total income rose to ₹10,740.63 lakh from ₹2,810.86 lakh in the prior year. The company reported a profit before tax of ₹1,876.26 lakh, significantly higher than the ₹218.25 lakh recorded in FY25. Earnings per share (basic) increased to ₹76.73 from ₹10.21 in the previous year.

Board Decisions and Dividend

The Board of Directors approved the audited financial results for the half-year and year ended March 31, 2026. Additionally, the directors recommended a final dividend of ₹1.00 per equity share, or 10% of the face value of ₹10 each, for FY26. This recommendation requires approval from shareholders at the ensuing Annual General Meeting. The Board also appointed M/s. Ronak Sejpal & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27.

Capital Structure and Fund Utilization

During the year, the company increased its authorized share capital and issued 1,62,000 equity shares at a premium of ₹980 per share through private placement. The paid-up equity share capital stood at ₹183.65 lakh as of March 31, 2026. The company confirmed there was no deviation in the utilization of funds raised through preferential issues, with proceeds allocated towards business expansion, working capital, and general corporate purposes.