BSE micro-cap firm under Rs 100 declares Rs 87 dividend - Check record date

A little-known micro-cap consulting services company has announced a massive final dividend of 870 per cent, even as its stock continues to face severe liquidity constraints in the market.

The company approved its audited financial results for the quarter and financial year ended March 31, 2026, during its board meeting held on May 15. It also fixed June 19, 2026, as the date for its 44th Annual General Meeting (AGM).

The stock is currently trading below Rs 100 and has recently touched its 52-week high of Rs 99.54.

Dividend Declared 2026

The board of the company recommended a final dividend of Rs 87 per equity share of face value Rs 10 each for the financial year ended March 31, 2026. The proposed dividend is subject to shareholders’ approval at the upcoming AGM.

The company has fixed June 12, 2026, as the record date for the AGM and the proposed final dividend.

Company Profile and Financial Performance

The company under discussion is Technojet Consultants Limited, a BSE-listed micro-cap firm operating in the consulting services segment. Despite the announcement of a high dividend payout, investors may find it difficult to buy or sell the stock because of extremely low trading activity.

Market participants said the counter often witnesses near-zero volumes, resulting in a lack of buyers and sellers on several trading sessions.

Technojet Consultants Q4 FY26 Update

Financially, the company reported weak operational performance during FY26. Revenue from operations for the full year stood at nil compared with Rs 12 lakh in the previous financial year. Total income declined to Rs 3.14 lakh from Rs 15.25 lakh a year earlier.

The company posted a net loss after tax of Rs 10.87 lakh during FY26, as against a net profit of Rs 3.73 lakh in FY25. Total expenses increased to Rs 12.99 lakh from Rs 11.52 lakh in the previous year, mainly due to higher employee benefits and other administrative expenses.

However, the company reported strong gains under other comprehensive income due to the sale of equity investments. Other comprehensive income stood at Rs 160.52 lakh during the year, helping total comprehensive income rise to Rs 149.65 lakh.

Its balance sheet also showed a sharp rise in cash holdings. Cash and cash equivalents jumped to Rs 202.95 lakh as of March 31, 2026, from only Rs 2 lakh a year ago. Total assets increased to Rs 212.16 lakh from Rs 62.86 lakh in the previous financial year.

The improvement in liquidity was mainly driven by proceeds from the sale of investments and mutual fund transactions during the year. Net cash generated from investing activities stood at Rs 224.55 lakh.

Liquidity risks, trading restrictions and market cap

Even though the dividend announcement appears attractive relative to the stock price, trading activity in the counter remains a major concern for investors. Dealers said the stock is often unavailable for trade because exchanges may not find matching orders due to a lack of liquidity.

Experts noted that investors trying to place market orders in such stocks may face rejection from brokers or exchanges. In many cases, only limit orders are allowed because of the absence of active trading interest.

The stock also remains vulnerable to upper and lower circuit filters, which can freeze trading activity for the day once the price band limit is hit. In addition, exchange surveillance measures and restrictions by some brokers on illiquid BSE-only counters further reduce accessibility for retail investors.

The company’s market capitalisation currently stands at around Rs 1.99 crore, placing it among the smallest listed firms in the Indian stock market.