Cemindia Projects Limited has informed the Exchange regarding Appointment of Mr. Abizer Shabbir Diwanji as Non- Executive Independent Director of the company w.e.f. April 29, 2026.
CEMPRO · price
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Cemindia Projects Limited (formerly ITD Cementation India Limited) reported strong FY2026 results with standalone revenue of ₹9,982.72 crore (up 8% from ₹9,246.16 crore) and net profit of ₹593.66 crore (up 59% from ₹372.80 crore). Consolidated net profit stood at ₹597.73 crore. Earnings per share improved significantly to ₹34.56 on standalone basis from ₹21.70. The Board approved appointment of Mr. Abizer Shabbir Diwanji as Non-Executive Independent Director for 3 years. Price Waterhouse Chartered Accountants LLP was appointed as statutory auditors for 5 years. The 48th AGM will be held on June 27, 2026. No dividend was proposed for FY2026. Statutory auditors issued an unmodified (clean) opinion on the financial statements.
The company delivered robust financial performance with near 60% growth in net profit, signaling operational strength. Appointment of an experienced independent director (Chartered Accountant with 20+ years at KPMG and EY) enhances board governance. No dividend may disappoint short-term investors expecting returns.