The Board at its meeting held on today has re-appointed Mr. Kamal Khushlani as Chairman and Managing Director of the Company for a period of five years w.e.f March 08, 2027, subject to ....
MUFTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Credo Brands Marketing (Mufti) reported FY2026 results with revenue of ₹5,921 million, down ~4.2% from prior year ₹6,182 million. Profit before tax fell to ₹638 million (vs ₹918 million), a ~30% decline due to higher other expenses and an exceptional charge of ₹13.97 million from new labour code impact on gratuity. Net profit stood at ₹474 million. The Board recommended a dividend of ₹2 per share (face value ₹2), subject to shareholder approval. Mr. Kamal Khushlani, the Promoter-Chairman and MD, was re-appointed for another 5-year term effective March 8, 2027, pending AGM approval. Auditors gave an unmodified (clean) opinion.
The stock may see neutral-to-cautious reaction as profit declined ~30% YoY despite revenue stability. Re-appointment of the founder-promoter CEO provides leadership continuity and should be viewed positively for governance stability.