Shares of Hindustan Aeronautics Ltd (HAL) were trading at Rs 4,318, down 1.16%, in afternoon trade on Monday after the defence PSU announced a final dividend for FY26.
In an exchange filing, the company said its board has recommended a final dividend of Rs 10 per equity share for the financial year 2025-26, subject to shareholders' approval at the upcoming Annual General Meeting (AGM).
The company has fixed August 14, 2026, as the record date to determine shareholders eligible to receive the final dividend. If approved at the AGM, the dividend will be paid within 30 days of shareholder approval.
The board also approved the appointment of Murthy & Co. LLP, Cost and Management Accountants, as the company's Cost Auditor for FY27.
According to the filing, Murthy & Co. LLP specialises in cost audits, implementation of costing systems, maintenance of cost records, internal audits, bank audits and local content certifications. The firm also undertakes cost audits for central and state public sector enterprises, listed companies and private companies.
Separately, the government has approved the upgradation of HAL to Maharatna status, making it the 14th Maharatna Central Public Sector Enterprise (CPSE).
The proposal was approved by Union Finance Minister Nirmala Sitharaman after being recommended by the Inter-Ministerial Committee headed by the Finance Secretary and the Apex Committee led by the Cabinet Secretary.
HAL, which operates under the Department of Defence Production, reported a turnover of Rs 28,162 crore and a net profit of over Rs 7,500 crore in FY24.