Jindal Stainless Sets Aug 21, 2026, for FY26 Dividend Record

Jindal Stainless has designated August 21, 2026, as the record date for its proposed final dividend, allowing the company to determine eligible shareholders. This dividend will amount to Rs 3 per equity share for the financial year concluding on March 31, 2026.

The announced payout represents 150% of the share’s face value, which stands at Rs 2 per share. Shareholder approval at the upcoming Annual General Meeting (AGM) remains a prerequisite for the final distribution.

Key Dividend Details

• Record Date: August 21, 2026
• Final Dividend: Rs 3 per equity share
• Equivalent to: 150% of face value (Rs 2 per share)
• Payment Timeline: Within 30 days of the AGM

Shareholders recorded in the company’s register or as beneficial owners in depository records by the close of business on the record date will qualify for the dividend. Jindal Stainless will disburse the dividend within 30 days post-AGM, subject to applicable tax deductions at source, in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

First Quarter Performance Overview

This dividend announcement follows a challenging first quarter for the stainless steel manufacturer. For Q1FY27, Jindal Stainless reported a consolidated net profit decrease of 7.8% year-on-year.

• Consolidated Net Profit (Q1FY27): Rs 769 crore
• Previous Year (Q1FY26): Rs 834 crore
• Revenue (Q1FY27): Rs 11,278 crore
• Previous Year (Q1FY26): Rs 11,337 crore
• Revenue Decline: 0.5% year-on-year

The company’s revenue also experienced a slight decline, moving from Rs 11,337 crore a year earlier to Rs 11,278 crore. On August 7, 2026, Jindal Stainless shares closed at Rs 734.85, marking a modest gain of 0.32% during that trading session.