Symphony Limited has reported its financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹5.00 per share, bringing the total dividend for the fiscal year to ₹9.00 per share. Additionally, the company announced the reappointment of Mr. Nrupesh Shah as Managing Director – Corporate Affairs for a further five-year term, effective November 1, 2026, subject to shareholder approval.
Annual Financial Performance
For the financial year ended March 31, 2026, Symphony Limited reported a total consolidated income of ₹1,192 crore, compared to ₹1,623 crore in the previous year. The consolidated net loss for the year stood at ₹141 crore, impacted by significant impairment charges. Despite the challenges, the company maintained a strong focus on its core business, with the Board emphasizing strategic restructuring and long-term value creation.
Dividend and Strategic Developments
Demonstrating commitment to its shareholders, the Board recommended a final dividend of ₹5.00 (250%) per equity share with a face value of ₹2 each. This follows three interim dividends of ₹4 per share paid earlier in the year, totaling ₹9 per share (450%) for FY 2025-26. The company also announced a strategic restructuring, including the direct alignment of Bonaire USA LLC under the ultimate parent company and the transfer of critical intellectual property from Climate Technologies Pty Limited to Symphony Limited.
Leadership Reappointment
The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the reappointment of Mr. Nrupesh Shah as Managing Director – Corporate Affairs. His tenure has been extended for another five years, starting November 1, 2026. Mr. Shah, who has been with the company since 1993, is credited with driving significant growth, transparency in financial reporting, and effective governance practices throughout his career at Symphony.
Operational Highlights
The company continues to realign its operational model, shifting from in-house manufacturing to an outsourced framework to better adapt to market demands. During the fiscal year, the Group recognized a goodwill impairment of ₹173.09 crore for Climate Holdings Pty Limited as part of a prudent assessment of its business units. Management remains focused on monitoring geopolitical developments and optimizing performance across its international and domestic segments.
Source: BSE
