Cemindia Projects Limited has informed the Exchange regarding Change in Director(s) of the company.
CEMPRO · price
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Cemindia Projects Limited (formerly ITD Cementation India) held its Board meeting on April 29, 2026 and approved audited financial results for FY2026. Standalone revenue grew to Rs 9,982.72 Crores from Rs 9,246.16 Crores, while net profit jumped to Rs 593.66 Crores from Rs 372.80 Crores - a 59% increase year-on-year. EPS improved to Rs 34.56 from Rs 21.70. The company has proposed no dividend for FY2026. The Board appointed Mr. Abizer Shabbir Diwanji, a rank holder Chartered Accountant and former KPMG/EY financial services head, as Additional Non-Executive Independent Director for 3 years, subject to shareholder approval. Price Waterhouse Chartered Accountants LLP was also formally appointed as Statutory Auditors for 5 years, filling a casual vacancy from November 2025. The company also approved changes to its Articles of Association regarding document execution procedures.
Strong financial performance with near 60% profit growth is positive for shareholders. The appointment of an experienced independent director from a Big-4 background may strengthen governance. However, no dividend despite higher profits could disappoint income-seeking investors.