Arihant Superstructures Limited has informed the Exchange about change in Management
ARIHANTSUP · price
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Arihant Superstructures Limited's Board meeting on May 15, 2026 approved two key management appointments: Mr. Parth Chhajer and Mr. Bhavik Chhajer, both sons of Chairman Ashokkumar B. Chhajer, have been appointed as Joint Managing Directors for 5 years, subject to shareholder approval. They previously held Whole-time Director positions. Financially, standalone PAT for FY26 declined sharply to Rs. 145.69 lakhs from Rs. 1,947.90 lakhs in FY25, while consolidated PAT stood at Rs. 4,604.34 lakhs (down from Rs. 5,467.62 lakhs). Consolidated total income increased to Rs. 55,601.26 lakhs from Rs. 50,387.11 lakhs. The Board also recommended a final dividend of Rs. 0.25 per share and noted the promoter group's voluntary waiver of dividend for FY26.
The appointment of two promoter family members as Joint Managing Directors signals a planned succession within the Chhajer family, potentially strengthening management continuity. The sharp decline in standalone profit despite higher consolidated revenue warrants attention, though the company's consolidated earnings remain healthy.