Styrenix Performance Materials (NSE:STYRENIX) announced on August 4, 2026, that its Board of Directors declared an interim dividend of Rs 23 per equity share of face value Rs 10 for FY2026-27, with a record date of August 10, 2026. The board also approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.
Key Highlights
- The board declared an interim dividend of Rs 23 per equity share of face value Rs 10, representing 230% of face value, for FY2026-27.
- The record date for determining eligible shareholders to receive this interim dividend has been fixed as Monday, August 10, 2026.
- Standalone revenue from operations for Q1 FY2026-27 stood at Rs 768.04 crore, compared to Rs 721.11 crore in Q1 FY2025-26.
- Standalone profit for the period was Rs 137.32 crore for Q1 FY2026-27, against Rs 54.87 crore in Q1 FY2025-26, as per the unaudited results.
About the Company
Styrenix Performance Materials Limited (NSE:STYRENIX), headquartered in Vadodara, Gujarat, operates in the engineering polymers segment. The company, incorporated as CIN L25200GJ1973PLC002436, manufactures specialty polymer materials and is listed on both BSE (scrip code 506222) and NSE. Its registered office is at the 9th Floor, "Shiva", Sarabhai Complex, Dr. Vikram Sarabhai Marg, Vadiwadi, Vadodara.
Announcement in Detail
At its board meeting held on August 4, 2026, commencing at 11:50 hours IST and concluding at 12:45 hours IST, the Board of Directors of Styrenix Performance Materials approved two key matters. First, it declared an interim dividend of Rs 23 (i.e. 230%) per equity share of face value Rs 10 each for FY2026-27. The record date for this dividend was fixed as Monday, August 10, 2026, as communicated earlier via the company's letter dated July 28, 2026.
Second, the board approved the unaudited standalone and consolidated financial results for Q1 ended June 30, 2026, along with a Limited Review Report from auditors Talati & Talati LLP (FRN 110758W/W100377), who issued an unmodified conclusion. Consolidated revenue from operations for Q1 FY2026-27 was Rs 1,010.81 crore, with consolidated profit for the period at Rs 138.30 crore. Standalone basic and diluted EPS for Q1 FY2026-27 was Rs 78.09.
Impact on Investors
Investors will note that shareholders whose names appear in the register of members as on the record date of August 10, 2026, will be eligible to receive the interim dividend of Rs 23 per equity share. The filing shows standalone profit for Q1 FY2026-27 at Rs 137.32 crore, a material improvement from Rs 54.87 crore reported in Q1 FY2025-26, indicating year-on-year earnings recovery as per the disclosed unaudited results.
Shareholders will observe that the paid-up equity share capital remains at Rs 17.59 crore, and the consolidated other equity stood at Rs 1,348.72 crore as at March 31, 2026. The disclosed terms indicate the dividend is an interim declaration subject to the applicable tax treatment in the hands of recipients under prevailing income tax regulations.
Sector / Market Context
India's engineering polymers and specialty chemicals sector continues to be shaped by domestic demand for high-performance materials in automotive, consumer electronics, and industrial applications. According to the Chemicals and Petrochemicals Manufacturers' Association, India remains among the top producers of styrene-based polymers in Asia, with import substitution remaining a policy priority under the government's Make in India initiative.