Finolex Industries Limited has fixed Friday, September 11, 2026, as the record date for shareholders eligible to receive the recommended dividend for FY26. The Board had previously proposed a total payout of ₹2.75 per equity share of ₹2 each.

The intimation was filed pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dakshinamurthy Iyer, Company Secretary & Head Legal, signed the disclosure addressed to BSE Limited and the National Stock Exchange of India Limited.

Dividend details and eligibility

The Board of Directors, in its meeting held on May 26, 2026, recommended a final dividend of ₹2 (100%) per share and a special dividend of ₹0.75 (37.50%) per share. This aggregates to ₹2.75 (137.50%) per equity share for the financial year 2025-26.

Payment will be made within 30 days from the conclusion of the 45th Annual General Meeting, scheduled for Tuesday, September 22, 2026, subject to shareholder approval. Eligibility is determined as follows:

• Physical shareholders: Those holding shares after valid transmission or transposition requests lodged by close of business on the record date.
• Demat holders: Beneficial owners as per data provided by National Securities Depository Limited and Central Depository Services (India) Limited as of close of business on the record date.

AGM and e-voting schedule

The following table outlines the key dates and timelines for the 45th AGM:

FY26 financial performance

The Annual Report accompanying the AGM notice highlights a significant improvement in operating profitability for FY26. Standalone revenue from operations stood at ₹4,113 crore, while EBITDA rose 43% to ₹679 crore, driven by higher realisations and improved operational efficiencies. Profit after tax on a standalone basis was ₹580 crore. On a consolidated basis, PAT was ₹599 crore and earnings per share were ₹9.69.

Operational highlights

Finolex Industries sold 3,32,736 metric tonnes of PVC pipes and fittings in FY26, compared with 3,47,982 MT in FY25, reflecting a 4% volume decline attributed to subdued demand conditions. Annual production capacity for pipes and fittings expanded to 5,20,000 MT from 4,95,000 MT in FY25. The company maintains a PVC resin production capacity of 2,72,000 MT per annum and operates four manufacturing facilities across Maharashtra and Gujarat.

The company's balance sheet remained strong with a net cash surplus of ₹2,563 crore and long-term debt of nil as on March 31, 2026. Credit ratings were maintained at AA+ Stable (long-term) and A1+ (short-term) by CRISIL and India Ratings.

AGM agenda

The key items of business at the 45th AGM include adoption of standalone and consolidated financial statements for FY26, declaration of dividend, re-appointment of Mr. Rambabu Sanka as a director liable to retire by rotation, ratification of remuneration of ₹5 lakh payable to M/s. S.R. Bhargave & Co. as Cost Auditors for FY27, and revision of the annual commission ceiling for non-executive directors from ₹4 crore to ₹6 crore.

Finolex Industries is positioning itself for steady long-term growth, citing structural trends in rural water management, modernising agriculture, and fast urban expansion as key drivers.

Growth drivers shaping the outlook

The company has identified three broad structural themes underpinning its long-term strategy:

• Rural water management: Rising demand for piping and irrigation infrastructure in rural areas
• Modernising agriculture: Shift toward efficient water-use practices and updated agricultural systems
• Fast urban growth: Expanding urban infrastructure requirements driving demand for piping solutions

Strategic positioning

Finolex Industries operates in segments that are directly aligned with these structural trends. The convergence of rural water access initiatives, agricultural modernisation, and urban infrastructure development presents a sustained demand environment for the company's product portfolio.

The company's focus on these themes reflects a broader industry alignment with India's infrastructure and agricultural development priorities, as articulated in its stated long-term growth objectives.