Coromandel International Limited announced the outcome of its Board Meeting held on May 7, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, the company declared a final dividend of ₹2 per equity share (200% on face value of ₹1) for the financial year 2025-26. The record date for determining eligible shareholders for this dividend is July 16, 2026, and the payment will be made on or before August 21, 2026. The Board also approved the re-appointment of M/s. S R Batliboi & Associates LLP as Statutory Auditors for a second term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting. Furthermore, the company approved convening its 64th Annual General Meeting on July 23, 2026. The Board also approved the issuance of a corporate guarantee of up to USD 15.5 million for banking facilities of Baobab Mining & Chemicals Corporation, a subsidiary in Senegal. The Board meeting commenced at 11:20 a.m. and concluded at 01:40 p.m.
