Appointment of Mr. Prakash Dalal as an additional director of the company
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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 May 29, 2026 approved multiple items including audited FY2026 results, a final dividend of Rs. 3.50 per share (35%), and appointment of Mr. Prakash Dalal as an Additional Director (Non-Executive, Non-Independent). Mr. Dalal, with an MBA from ISB and 30+ years of experience in capital markets, wealth management, and investor relations (including senior roles at Kotak Mahindra Group), will join subject to shareholder approval. The meeting also saw a change in statutory auditors — M/s TRS & Associates replaces M/s Mahendra N. Shah & Co. for a 5-year term from April 2026. FY2026 net profit was approximately Rs. 11.14 crore with total revenue of Rs. 153.21 crore.
The appointment of an experienced financial services professional to the board is modestly positive, adding external expertise. The dividend recommendation (35% payout) signals confidence, and auditor rotation is routine governance compliance.