MOIL Limited has announced the approval of an interim dividend of ₹2.20 per equity share with a face value of ₹10 each for the financial year ending March 31, 2027. The record date for this dividend payment is set for November 6, 2026, with the dividend distribution scheduled for November 30, 2026. Additionally, the Board has approved the incorporation of a wholly owned subsidiary in GIFT City to explore overseas opportunities.
MOIL Limited Declares Interim Dividend
MOIL Limited has announced its financial results for the quarter and half year ended September 30, 2026. As a key highlight, the Board of Directors has approved the declaration of an interim dividend of ₹2.20 per equity share. This dividend is for the financial year ending March 31, 2027, and is based on equity shares with a face value of ₹10 each.
Key Dates for Dividend Payment
The company has specified November 6, 2026, as the record date for determining the entitlement of shareholders for this interim dividend. The actual payment of the interim dividend is scheduled for November 30, 2026.
Subsidiary Incorporation Approved
In addition to the dividend declaration, the Board of Directors of MOIL Limited has also approved the incorporation of a wholly owned subsidiary. This new entity will be established as an IFSC company in GIFT City (Gujarat International Finance Tec-City). The objective behind this subsidiary is to explore and develop overseas opportunities in the field of mineral asset acquisition, efficiently manage overseas investments, and provide structural flexibility for future acquisitions. The proposal has been sent for necessary governmental approvals.
Financial Results Overview
The Board also approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company reported a profit after tax for the quarter and half year, alongside details on its assets and liabilities as of September 30, 2026.
Source: BSE
