Kaveri Seed Company Limited announced a significant 250% interim dividend, equivalent to ₹5 per equity share, for the Financial Year 2026-27. The company’s Board also approved the incorporation of wholly-owned subsidiaries in eight countries to bolster its international business operations and market development. The financial results for the quarter and half-year ended September 30, 2026, were also considered and approved.
Interim Dividend Declared
Kaveri Seed Company Limited’s Board of Directors has declared an interim dividend of 250%, amounting to ₹5.00 per equity share of ₹2 face value, for the Financial Year 2026-27. This dividend is scheduled to be paid on or before November 26, 2026, subject to statutory requirements. The dividend will be paid to shareholders on record as of November 06, 2026.
Global Expansion Strategy Approved
In a strategic move to strengthen its international presence, the company’s Board has approved the incorporation of wholly-owned subsidiaries in eight countries: Tanzania, Kenya, Vietnam, Thailand, the Philippines, Indonesia, Zambia, and Peru. These subsidiaries will focus on product registrations, research for seed and vegetable crops, and facilitating marketing and distribution in their respective markets. This initiative is expected to drive long-term business growth overseas.
Key Financial Highlights
The Board also reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2026. The financial results indicated a standalone net profit after tax of (₹321.27) Lakhs for the quarter ended September 30, 2026, compared to ₹27,130.05 Lakhs in the same period last year. For the half-year ended September 30, 2026, the standalone net profit after tax was (₹27,130.05) Lakhs, while the consolidated net profit after tax for the same period was (₹1,620.19) Lakhs.
Leadership Appointments
The Board has also approved the appointment of Mr. M. Bhanu Prakash as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective October 28, 2026.
Subsidiary Developments
The audited review report highlighted a material uncertainty related to the going concern of one subsidiary, which has accumulated losses and a negative net worth. However, the company’s conclusion on the statement remains unmodified.
Source: BSE
