DVL - Dhunseri Vent.
📢 Recent Corporate Announcements
Dhunseri Ventures Limited (DVL) has announced an interim dividend of ₹3.5 per equity share (35% of face value) for the financial year 2025-26. The company has established February 27, 2026, as the record date to identify eligible shareholders for the payout. Detailed tax deduction at source (TDS) guidelines have been issued, with a standard 10% rate for resident shareholders with a valid PAN. Shareholders are required to update their KYC and submit tax-related forms by the record date to ensure appropriate tax treatment.
- Interim dividend declared at ₹3.5 per equity share of face value ₹10 each
- Record date for determining dividend eligibility is fixed as February 27, 2026
- TDS of 10% applicable for resident individuals with PAN if dividend exceeds ₹10,000
- Higher TDS rate of 20% will be applied for invalid PAN or non-linking of Aadhaar
- Deadline for submitting tax exemption forms (15G/15H/10F) is February 27, 2026
Dhunseri Ventures Limited has officially fixed February 27, 2026, as the record date for its interim dividend for the financial year 2025-26. The company will pay a dividend of ₹3.5 per equity share, which translates to a 35% payout on a face value of ₹10 each. This announcement follows the board's decision to distribute surplus profits to shareholders. The dividend will be paid within the statutory 30-day period from the date of declaration, subject to applicable tax deductions at source.
- Interim dividend of ₹3.5 per equity share (35% of face value) announced.
- Record date for determining shareholder eligibility is February 27, 2026.
- Dividend payout pertains to the financial year 2025-26.
- Payment will be processed within the legally stipulated timelines post-record date.
Dhunseri Ventures Limited (DVL) has announced an interim dividend of Rs 3.5 per equity share for the financial year 2025-26. The decision was finalized during the Board of Directors meeting held on February 20, 2026. The company has set February 27, 2026, as the record date to determine shareholder eligibility. Eligible investors can expect the dividend payment to be processed on or before March 06, 2026.
- Interim dividend declared at Rs 3.5 per equity share for FY 2025-26
- Record date for eligibility fixed as February 27, 2026
- Dividend payment to be completed by March 06, 2026
Dhunseri Ventures Limited (DVL) has scheduled a Board of Directors meeting on February 20, 2026, to consider the declaration of an interim dividend for the financial year 2025-26. In compliance with SEBI insider trading regulations, the company has also announced a trading window closure for designated persons from February 16 to February 27, 2026. This announcement signals a potential cash return to shareholders, which is typically viewed as a sign of financial stability. Investors should await the specific dividend amount and record date following the board's decision.
- Board meeting scheduled for February 20, 2026, to discuss interim dividend for FY 2025-26
- Trading window for insiders closed from February 16, 2026, to February 27, 2026
- Meeting to be held at the Registered Office in Kolkata under Regulation 29 of SEBI LODR
- The proposal focuses on rewarding shareholders through a potential cash payout
Dhunseri Ventures reported a standalone net loss of ₹12.02 crore for the quarter ended December 31, 2025, a sharp decline from the ₹44.50 crore profit in the previous quarter. Standalone revenue from operations fell to ₹39.25 crore, down from ₹48.56 crore in the same period last year. The company's bottom line remains under pressure following a ₹26.26 crore impairment loss recognized in the previous quarter due to the winding up of its Singapore subsidiary, Twelve Cupcakes. However, consolidated performance is supported by a significant ₹41.34 crore share of profit from associate companies.
- Standalone revenue from operations decreased 19.2% YoY to ₹3,924.63 lakhs.
- Reported a standalone net loss of ₹1,202.33 lakhs for Q3 FY26 compared to a profit of ₹4,450.33 lakhs in Q2 FY26.
- Total standalone income for the nine-month period fell to ₹32,098.77 lakhs from ₹38,664.67 lakhs YoY.
- Impairment loss of ₹2,625.83 lakhs recognized in FY26 related to the voluntary winding up of subsidiary Twelve Cupcakes Pte Limited.
- Consolidated results bolstered by ₹4,133.59 lakhs share of profit from associates for the quarter.
Dhunseri Ventures Limited reported a weak standalone performance for Q3 FY26, swinging to a net loss of ₹12.02 crore from a profit of ₹44.50 crore in the previous year. Revenue from operations fell significantly by 44.8% YoY to ₹39.25 crore. The results were weighed down by a sharp increase in other expenses and an impairment related to the winding up of its Singapore subsidiary, Twelve Cupcakes Pte Ltd. However, the consolidated entity benefited from a ₹41.34 crore share of profit from its associate companies.
- Standalone Revenue from operations declined 44.8% YoY to ₹39.25 crore from ₹71.12 crore.
- Reported a Standalone Net Loss of ₹12.02 crore against a profit of ₹44.50 crore in Q3 FY25.
- Standalone other expenses spiked to ₹34.67 crore compared to just ₹4.29 crore in the year-ago period.
- Recognized impairment loss for subsidiary Twelve Cupcakes Pte Limited following voluntary winding-up proceedings.
- Consolidated share of profit from associates (IVL Dhunseri) contributed ₹41.34 crore to the group.
Dhunseri Ventures Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming third quarter results. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ending December 31, 2025. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure begins on January 1, 2026
- Closure pertains to the third quarter (Q3) ending December 31, 2025
- Restriction applies to all Designated Persons and their immediate relatives
- Window to reopen 48 hours after the official announcement of Q3 results
Dhunseri Ventures Limited announced the results of its postal ballot regarding the sale, transfer, or disposal of assets exceeding 20% of its material subsidiary, Twelve Cupcakes Pte. Limited. The voting results, submitted under Regulation 44 of SEBI guidelines, show that 99.83% of votes cast were in favor of the resolution via remote e-voting. Conversely, 0.17% of votes were against the resolution. A total of 26,454,594 votes were cast in favor, while 46,031 votes were cast against.
- 99.83% of votes cast via remote e-voting were in favor of the resolution.
- 0.17% of votes cast via remote e-voting were against the resolution.
- 26,454,594 votes were cast in favor of the resolution.
- 46,031 votes were cast against the resolution.
- The voting period ended on November 29, 2025.
Financial Performance
Revenue Growth by Segment
Standalone revenue from operations (Trading and Treasury) fell 20.57% YoY to INR 176.14 Cr for the half-year ended September 30, 2025, compared to INR 221.75 Cr in the previous year. Treasury operations assets stood at INR 952.08 Cr, while Flexible Packaging Films assets were INR 1,151.92 Cr.
Geographic Revenue Split
The company operates in India and has business interests in Singapore. Specific percentage contributions from each region are not disclosed in available documents.
Profitability Margins
Standalone Net Profit Margin for FY 2024-25 was 0.21%, a 56.25% decline from 0.48% in FY 2023-24. Standalone Operating Profit Margin was 0.27%, down 55.82% from 0.61% YoY. Return on Net Worth dropped 65.87% to 3.22% due to reduced operating surplus and higher tax rates.
EBITDA Margin
Operating profit margin (Standalone) fell 55.82% YoY to 0.27% in FY 2024-25. Consolidated net profit after taxes for the half-year ended September 30, 2025, was INR 57.54 Cr, a 58.13% decline from INR 137.45 Cr YoY.
Capital Expenditure
Flexible Packaging Films segment assets reached INR 1,151.92 Cr as of September 30, 2025. The company is investing in two BOPP production lines, with the first line tentatively starting in Q1 FY 2026-27.
Credit Rating & Borrowing
Consolidated non-current borrowings were INR 452.97 Cr and current borrowings were INR 80.55 Cr as of September 30, 2025. Interest coverage ratio fell 37.02% to 20.46 due to reduced EBIT and increased expenses.
Operational Drivers
Capacity Expansion
The company is expanding into Flexible Packaging with two BOPP production lines. Line 1 is targeted to start tentatively between April-June 2026, and Line 2 is expected to start in Q1 FY 2027.
Manufacturing Efficiency
Debtors turnover ratio improved 42.38% to 9.71 in FY 2024-25 due to higher sales and improved customer collections.
Strategic Growth
Growth Strategy
DVL is diversifying into the flexible packaging industry by setting up two BOPP production lines. The company also seeks to tap opportunities in startup and infrastructure development supported by Government of India initiatives.
Products & Services
BOPP (Biaxially Oriented Polypropylene) films, Treasury/Investment services, and Trading activities.
Brand Portfolio
Dhunseri
New Products/Services
BOPP production lines are the primary new product launch, with operations starting in 2026.
Market Expansion
The company is looking to tap startup and infrastructure development opportunities in India and monitors global practices to raise performance bars.
Strategic Alliances
The company has significant investments in associates (Equity Accounted Investees), which contributed INR 60.37 Cr to consolidated profit in the half-year ended September 30, 2025.
External Factors
Industry Trends
The industry is seeing growth in flexible packaging films, which DVL is positioning for with its INR 1,151.92 Cr asset base in that segment.
Competitive Moat
DVL leverages the 'Dhunseri' brand and a large treasury asset base (INR 952.08 Cr) to maintain financial stability and fund new ventures like flexible packaging.
Macro Economic Sensitivity
Performance is sensitive to India's economic growth and financial market volatility. Return on Net Worth fell 65.87% partly due to reduced operating surplus and macro-economic factors.
Geopolitical Risks
Geopolitical situations previously caused a disruption of project activities for the BOPP production lines.
Regulatory & Governance
Industry Regulations
DVL complies with the Corporate Governance Code enshrined in SEBI Listing Regulations 17 to 27 and Schedule V. It also adheres to the Companies Act, 2013, regarding financial reporting and audit standards.
Taxation Policy Impact
The company noted that higher tax rates contributed to a 65.87% reduction in Return on Net Worth for FY 2024-25. Total tax expense for the half-year ended September 30, 2025, was INR 61.64 Cr.
Risk Analysis
Key Uncertainties
Volatility in financial markets and economic slowdowns are primary risks. The company's Return on Net Worth fell 65.87% YoY, highlighting sensitivity to operating surplus and expense management.
Technology Obsolescence Risk
The company is adopting global practices and quality leadership to raise performance bars, but specific digital transformation status is not detailed.
Credit & Counterparty Risk
Receivables quality is improving, as evidenced by a 42.38% improvement in the debtors turnover ratio to 9.71.