Panama Petrochem Limited Board Approves FY Results and Recommends Dividend
Panama Petrochem Limited announced the outcomes of its Board of Directors meeting held on May 29, 2026. During the meeting, the Board reviewed and approved the company’s audited financial results and statements for the fiscal year ended March 31, 2026.The Board took on record the standalone and consolidated audited financial results for the quarter and the year ended March 31, 2026, along with the full audited financial statements for the year ended March 31, 2026, in both standalone and consolidated formats.
A major announcement from the board was the recommendation of a dividend. The directors recommended a dividend of Rs. 3/- per equity share, where the equity share has a face value of Rs. 2/-. If this dividend recommendation receives approval from the shareholders, the amount is expected to be paid within two weeks from the conclusion of the ensuing Annual General Meeting.
Regarding the company's financial standing, JMR & Associates LLP, the Statutory Auditors of Panama Petrochem Limited, issued their report. The auditors reported an unmodified opinion on the Audited Financial Results for the financial year ended March 31, 2026.
PANAMAPET Stock Price Movement
Panama Petrochem Limited shares tumbled today, shedding 4.81% to settle at ₹329.05 in post-market trading. The stock saw high volume of 1.59 million shares, failing to hold above the day's support level, which ranged from a low of ₹320.1 to a high of ₹366.8.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.
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