The Board of Directors of Canara Robeco Asset Management Company Limited has approved the re-appointment of Mr. Ravindran Menon as an Independent Director for the second term of three consecutive years with effect from October 20, 2026 to October 19, 2029 subject to approval of shareholders.
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The Board of Directors approved multiple items at their meeting on April 27, 2026. Key decisions include: (1) Re-appointment of Mr. Ravindran Menon as Independent Director for a second term of 3 years from October 20, 2026 to October 19, 2029, subject to shareholder approval at the ensuing AGM. (2) Recommendation of dividend of ₹2.50 per equity share for FY 2025-26. (3) Appointment of M/s Borkar & Muzumdar as Statutory Auditors for 3 years. The Board also approved the audited financial results for FY 2025-26, with revenue from operations at ₹4.25 billion and profit after tax at ₹2.04 billion, showing improvement over the previous year. Mutual fund QAAUM grew to ₹1,174.83 billion from ₹1,033.44 billion.
The re-appointment of an experienced independent director like Mr. Ravindran Menon signals continuity in governance and is a positive indicator for shareholders. The company also reported healthy financial growth with PAT improving by about 7% year-on-year.