MRF Limited Announces Final Dividend and Updates Key Management and Audit Appointments
MRF Limited announced several key updates following its Board of Directors meeting held on May 7, 2026. The board approved a final dividend recommendation and formalized changes in the company's key managerial and secretarial personnel.Financial Performance and Dividend Recommendation
The Board of Directors has recommended a final dividend of Rs 229 (2290%) per share of Rs. 10 each. This recommendation, subject to approval from shareholders at the ensuing Annual General Meeting, completes the total dividend payout for the financial year ended March 31, 2026, at Rs. 235 (2350%) per share of Rs. 10 each. The company had previously declared and paid two interim dividends of Rs. 3 (30%) each per share for the same period.For financial data, the company provided audited and unaudited results. The consolidated financial statements report the following key metrics:
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|
| Total Income (I + II) | 31,653.64 Rs. Crores | 28,569.65 Rs. Crores |
| Total Expenses | 28,368.26 Rs. Crores | 26,086.65 Rs. Crores |
| Profit before Exceptional Items and Tax | 3,285.38 Rs. Crores | 2,483.00 Rs. Crores |
| Total Comprehensive Income for the year attributable to Owners of the Company | 2,464.46 Rs. Crores | 1,874.29 Rs. Crores |
The Standalone Balance Sheet shows the company’s assets and liabilities as of March 31, 2026, and March 31, 2025:
| Particulars | As at 31.03.2026 (Rs. Crores) | As at 31.03.2025 (Rs. Crores) |
|---|---|---|
| Property, Plant and Equipment | 12,042.37 | 12,257.95 |
| Inventories | 5,337.66 | 5,539.34 |
| Total Equity and Liabilities | 10,844.51 | 10,920.23 |
Corporate Governance Updates
Personnel ChangesThe board acknowledged two key personnel transitions effective May 7, 2026.
- Resignation: Mr. S Dhanvanth Kumar, the Company Secretary and Key Managerial Personnel, submitted his resignation from the services of the company due to health reasons, effective May 7, 2026.
- Appointment: Mr. Thulsidass T V was appointed as the Vice President, General Counsel and Company Secretary, effective May 7, 2026.
Statutory Auditors
The Board of Directors approved the re-appointment of Messrs. M M NISSIM & CO LLP, Chartered Accountants, as the Joint Statutory Auditors of the Company. The firm will hold office for a period of five consecutive financial years, commencing from the conclusion of the 65th Annual General Meeting and continuing until the conclusion of the 70th Annual General Meeting, pending shareholder approval.
Cash Flow Highlights
According to the audited standalone cash flow statement for the year ended March 31, 2026, the company reported strong cash generation from operations.| Cash Flow Metric | Year Ended 31.03.2026 (Rs. Crores) | Year Ended 31.03.2025 (Rs. Crores) |
|---|---|---|
| Cash Generated from Operations | 5,302.92 | 3,222.30 |
| Net Cash from Operating Activities | 4,638.95 | 2,638.69 |
| Net Cash from Investing Activities | (3,368.89) | (2,107.32) |
| Net Cash from Financing Activities | (1,249.78) | (523.47) |
| Closing Balance of Cash and Cash Equivalents | 260.84 | 243.61 |
MRF Stock Price Movement
Shares of MRF Limited are edging higher to ₹130,900 as of 1:01 PM today, gaining 0.43% in live trading. The stock continues its upward momentum, which saw a notable volume of 5,746 shares traded in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: