Vijaya Diagnostic Centre has announced a final dividend of ₹2 per share (200%) for the financial year ended March 31, 2026. Additionally, the company confirmed the departure of Independent Director Dr. D Nageshwar Reddy, the re-appointment of its cost auditor, and the strategic acquisition of its subsidiary’s MRI, EEG, and NCV services business for ₹4.20 crore. The company also approved the grant of 1,79,500 employee stock options.
Financial Highlights and Dividend
Following its board meeting on May 7, 2026, the company approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. To reward its shareholders, the board recommended a final dividend of ₹2 per equity share, representing a 200% payout on a face value of ₹1 per share. The dividend remains subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Business Acquisition
In a move to streamline operations, the company will acquire the MRI, EEG, and NCV services business from its wholly-owned subsidiary, Medinova Millennium MRI Services LLP. The acquisition is valued at approximately ₹4.20 crore and is expected to be completed within 3 months. This transaction aims to align the business more closely with the company’s broader strategic objectives.
Leadership and Governance
The company announced that Independent Director Dr. D Nageshwar Reddy will not seek re-appointment for a second term upon the completion of his current tenure on May 25, 2026, citing pre-occupation and other professional commitments. Furthermore, the company has re-appointed M/s. Santhosh & Associates as its Cost Auditors for the 2026-27 financial year.
Employee Stock Option Plan
To incentivize its workforce, the board has approved the grant of 1,79,500 employee stock options under the VDCL Employee Stock Option Plan 2018. These options, which are convertible into an equal number of equity shares, have an exercise price of ₹784 per share, reflecting a 20% discount on the average closing price of the preceding three months.
Source: BSE
