News Corporate Actions ESAB India Declares Rs.25 Interim Dividend; Gayatri Highways Reports Mixed Q3 PerformanceESAB India Declares Rs.25 Interim Dividend; Gayatri Highways Reports Mixed Q3 Performance
ESAB India Limited declared an interim dividend of Rs.25 per equity share (250%) for FY 2025-26 with record date February 14, 2026, providing detailed tax guidelines for shareholders. Gayatri Highways Limited reported Q3 FY26 results showing total income of Rs.54.95 crores but net loss of Rs.350.91 crores for the quarter, while nine-month performance showed significant improvement with total income of Rs.3,693.48 crores and net profit of Rs.2,292.58 crores. The company faced auditor qualifications regarding loan defaults and investment impairments.
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Two major corporate announcements emerged from the Indian market, with ESAB India Limited declaring a substantial interim dividend while Gayatri Highways Limited released its quarterly financial results showing mixed performance.
ESAB India Announces Interim Dividend
ESAB India Limited's Board of Directors declared an interim dividend of Rs.25 per equity share of Rs.10 each, representing a 250% dividend for the financial year 2025-2026. The announcement was made following the board meeting held on February 10, 2026.
| Parameter | Details |
|---|---|
| Dividend Amount | Rs.25 per equity share |
| Record Date | February 14, 2026 (Saturday) |
| Payment Date | March 6, 2026 (Friday) |
| Dividend Percentage | 250% |
The company outlined comprehensive tax deduction guidelines for shareholders. For resident shareholders, tax will be deducted at 10% where valid PAN is provided, and 20% for cases without PAN or with invalid/inoperative PAN. No tax deduction applies for resident individuals if total dividend does not exceed Rs.5,000 annually or if income is below taxable limits with proper declarations.
Tax Exemptions and Documentation
Specific categories of investors can avail tax exemptions by providing relevant documentation:
- Insurance Companies: Declaration of beneficial ownership with IRDAI registration certificate
- Mutual Funds: Declaration under section 10(23D) with SEBI registration certificate
- Alternative Investment Funds: Category I and II AIFs with section 10(23FBA) exemption documentation
- Non-resident Shareholders: Tax deduction at 20% or treaty rate, whichever is lower
Shareholders must submit required documents by February 19, 2026, to avail appropriate tax benefits. The company emphasized that dividend payments will be made only through electronic mode, requiring updated bank account details in demat accounts or physical folios.
Gayatri Highways Reports Q3 Results
Gayatri Highways Limited released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing contrasting performance between quarterly and nine-month periods.
Quarterly Performance (Q3 FY26)
| Metric | Standalone (Rs. Crores) | Consolidated (Rs. Crores) |
|---|---|---|
| Total Income | 54.95 | 54.95 |
| Net Loss Before Tax | (350.77) | (351.48) |
| Net Loss After Tax | (350.91) | (351.62) |
| Earnings Per Share | (0.15) | (0.12) |
Nine-Month Performance (April-December 2025)
The company's nine-month performance showed significant improvement compared to the quarterly results:
| Metric | Standalone (Rs. Crores) | Consolidated (Rs. Crores) |
|---|---|---|
| Total Income | 3,693.48 | 3,693.48 |
| Net Profit Before Tax | 2,322.92 | 2,322.03 |
| Net Profit After Tax | 2,292.58 | 2,291.69 |
| Earnings Per Share | 0.96 | (0.34) |
Auditor Qualifications
The statutory auditors expressed qualified conclusions on several matters including:
- Loan Write-back: Zero Interest Subordinate Loan of Rs.17,887.51 lakhs written back from Gayatri Projects Limited during FY 2022-23, subject to confirmation
- Defaulted Loans: Outstanding term loan of Rs.3,822.65 lakhs and accumulated interest of Rs.1,193.21 lakhs to IL&FS Financial Services Limited
- Investment Impairment: Required impairment of Rs.4,431.54 lakhs in Cyberabad Expressways Limited and Rs.458.82 lakhs in Hyderabad Expressways Limited for standalone results
The company maintained an equity share capital of Rs.4,793.04 crores throughout the reporting periods. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 12, 2026.
Both companies' announcements reflect different aspects of corporate governance and financial performance, with ESAB India rewarding shareholders through dividends while Gayatri Highways navigates operational challenges despite showing nine-month profitability.
Historical Stock Returns for Gayatri Highways
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.73% | +32.11% | +7.06% | +31.51% | +169.16% | +343.08% |
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