GHCL Textiles Limited — Board Meeting, 05-05-2025: Outcome of Board Meeting

GHCL Textiles has announced a board meeting on key corporate updates. The board approved the audited annual accounts and the financial results for the quarter and year ended March 31, 2025, with a clean audit opinion. The dividend payout policy was revised to 8-12% of PAT, proposing a dividend of Rs. 0.50 per share (25% on equity capital), subject to shareholder approval. Capex is budgeted at Rs. 17.15 Cr for FY26. Leadership changes include Mr. Marshal Sonavane as CEO from June 1, 2025, and Mr. M. Parasuraman as CFO starting May 29, 2025.