Savita Oil Technologies Limited announced the outcome of its Board Meeting held on May 7, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Key approvals include the recommendation of a final dividend of 250%, equivalent to ₹5 per fully paid equity share of ₹2 face value, for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The Board also approved a Scheme of Amalgamation between Savita GreenTec Limited, a wholly-owned subsidiary, and Savita Oil Technologies Limited. The rationale for this amalgamation is to achieve restructuring, consolidation, and effective management of related businesses, aiming to avoid duplication of costs and expenses. Furthermore, the company decided to cease the internal audit services of Suresh Surana & Associates LLP and approved the appointment of M/s Ernst & Young LLP (EY) as the new Internal Auditors for a term of three years, commencing from the financial year 2026-27. The Board meeting commenced at 3:00 p.m. and concluded at 6:15 p.m.
