Banco Products (I) Limited has informed the Exchange regarding Appointment of Mr Mr. Sachin Dalwadi as Company Secretary & Compliance Officer of the company w.e.f. May 28, 2026.
BANCOINDIA · price
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Banco Products (India) Limited held its Board meeting on 28th May 2026 and approved several items. The Board approved standalone and consolidated audited financial results for FY 2025-26 with an unmodified audit opinion from statutory auditors. The Company recommended a final dividend of 400% (Rs. 8 per equity share of Rs. 2 face value) for FY 2025-26, subject to shareholder approval at the upcoming AGM. Mr. Sachinkumar Sureshbhai Dalwadi was appointed as Company Secretary and Key Managerial Personnel (KMP) effective 28th May 2026. He is an Associate Member of ICSI with over 10 years of experience in corporate laws and compliance. The Board also updated KMP information for determining materiality of events under SEBI LODR Regulations. Financially, standalone total assets grew to Rs. 1,02,492 Lakhs (from Rs. 70,925 Lakhs), while consolidated total assets reached Rs. 3,05,802 Lakhs. The Company recognized an insurance claim of Rs. 2,150 Lakhs under exceptional items for a warehouse fire at its step-down subsidiary NRF France S.A.S., with an interim claim of Euro 2.96 Mn received.
The appointment of a new Company Secretary and KMP update ensures regulatory compliance is maintained. The recommendation of 400% dividend signals strong financial performance and is positive for shareholders. The clean audit opinion and asset growth indicate a healthy financial position.