Appointment of Non - Executive Independent Director Mr. Udeypaul Singh Gill
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board meeting held on 19th May 2026 approved appointment of Mr. Udeypaul Singh Gill as Non-Executive Independent Director for 5 years from 20th May 2026 to 19th May 2031, subject to shareholder approval. Concurrently, Company Secretary Mr. Ketan Kumar Dave resigned effective 19th May 2026 for better prospects. The meeting also approved audited FY2026 results: standalone revenue Rs 1,35,578.44 lakhs (up 5% YoY), standalone PAT Rs 2,840.20 lakhs (up 33% YoY), EPS Rs 8.30 vs Rs 6.25 prior year. Consolidated PAT stood at Rs 3,120.05 lakhs. An exceptional charge of Rs 891.38 lakhs was recognized due to new Labour Codes implementation. Final dividend of Rs 1 per share was recommended. Three executive directors (Rakesh Mehra, Ravindrakumar Toshniwal, Shaleen Toshniwal) were reappointed for 3 years from January 2027.
Resignation of Company Secretary creates compliance gap requiring immediate replacement. Strong financial performance with 33% PAT growth is positive. Dividend recommendation signals confidence. New independent director appointment will strengthen board governance once approved by shareholders.