Appointment of Additional Directors (Independent Director)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for Q3 FY26 (quarter ended Dec 31, 2025). Total income stood at Rs. 203.68 crore, up 78.8% year-on-year, with profit before tax of Rs. 14.59 crore (after a Rs. 3.29 crore exceptional charge for new Labour Codes) and EPS of Rs. 17.84. For the nine months, total income reached Rs. 674.86 crore with EPS of Rs. 79.77. The company declared an interim dividend of Rs. 5 per share (50%), with a record date of January 29, 2026. Bus body volumes rose to 1,660 units from 1,065 in the same quarter last year. Tata Motors remains the dominant customer, contributing 86% of revenue and holding a 48.98% stake (now held by the renamed Tata Motors Ltd post-demerger). Two new Independent Directors — Dr. Renu Sharma (retired IAS officer) and Mrs. Rekha Bagry Nair (ex-PwC partner) — were appointed for five-year tenures effective January 20, 2026.
Strong Q3 earnings and higher bus body volumes signal improved operational performance and may support the stock price, while the Rs. 5 interim dividend offers near-term shareholder returns. The new independent director appointments strengthen board governance with diverse expertise in public administration and tax/advisory.