Appointment of Internal Auditors.
ARIHANTSUP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board Meeting held on May 15, 2026 approved multiple items including audited standalone (PAT: Rs. 145.69 lakhs) and consolidated (PAT: Rs. 4,604.34 lakhs) financial results for FY 2025-26 with unmodified audit opinion. The Board recommended a final dividend of Rs. 0.25 per share (2.5%). Two key appointments were made: Mr. Parth Chhajer and Mr. Bhavik Chhajer were appointed as Joint Managing Directors for 5 years each, subject to shareholder approval. Both are sons of Mr. Ashokkumar B. Chhajer, Chairman and CMD, representing promotion of family members within the promoter group. The Board also approved M/s. Anjani Goyal & Co. as Internal Auditors for FY 2026-27, sale of land to wholly-owned subsidiary Dwellcons Private Limited, and revision in remuneration of MD/WTD/KMP.
The appointment of two promoter family members (sons) as Joint Managing Directors represents significant succession planning within the Chhajer family. Shareholders should note this concentration of power within the promoter group and that these appointments require their approval at the AGM.