Avadh Sugar & Energy Limited has informed the Exchange regarding Change in Director(s) of the company.
AVADHSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avadh Sugar & Energy Limited held its Board meeting on May 12, 2026, approving multiple items. The company announced appointment of Mr. Amit Dalal as an Independent Director for a 5-year term effective from the same date, subject to shareholder approval. Mr. Dalal holds an MBA from University of Massachusetts, USA, and serves as Executive Director of Tata Investment Corporation Ltd. The Board also recommended a final dividend of Rs. 10 per share (100%) for FY2026, subject to AGM approval. For FY2026, net profit stood at Rs. 5,730.53 lakhs, down from Rs. 8,793.51 lakhs in FY2025, while revenue from operations increased marginally to Rs. 269,351.81 lakhs from Rs. 263,559.08 lakhs. Additionally, Mr. Somnath Mukherjee was re-appointed as Cost Auditor for FY2026-27.
The appointment of an experienced director from Tata Investment Corporation brings credible governance oversight. However, the decline in net profit for FY2026 may concern investors, though the dividend payout remains unchanged.