Kaveri Seed Company Limited announced a significant Board Meeting outcome on October 28, 2026. The company approved an interim dividend of 250% (₹5 per equity share) for FY 2026-27. Additionally, the Board greenlit the incorporation of wholly-owned subsidiaries in eight countries to bolster international presence and business growth. The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2026.
Interim Dividend and Financial Results
The Board of Directors of Kaveri Seed Company Limited, in its meeting held on October 28, 2026, has declared an interim dividend of 250%, which translates to ₹5 per equity share of face value ₹2, for the Financial Year 2026-27. The dividend will be paid to shareholders on record as of November 6, 2026, on or before November 26, 2026.
The Board also approved the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2026. These results, reviewed by the Audit Committee, will be published in newspapers as per regulations.
Global Expansion Strategy
In a strategic move to strengthen its international footprint, Kaveri Seed has approved the proposal to incorporate wholly-owned subsidiaries in eight countries: Tanzania, Kenya, Vietnam, Thailand, the Philippines, Indonesia, Zambia, and Peru. These subsidiaries will focus on obtaining product registrations, conducting research for seed and vegetable crops, and facilitating the marketing and distribution of the company’s products in these regions.
The company plans to invest up to ₹50.00 Lakhs for each subsidiary, aiming to hold 100% of the share capital. This initiative is poised to drive long-term business growth in overseas markets.
Leadership Appointment
The Board 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. Mr. Prakash brings extensive experience in finance, with over 26 years of professional experience, including 21 years as a Chartered Accountant.
Source: BSE
