Re-appointment of Mr. Abhishek Poddar (DIN: 00031175) as Non-Executive Independent Director for the second consecutive term w.e.f. September 2, 2027, subject to the approval of the Shareholders ....
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Delton Cables Ltd reported audited financial results for FY2025-26 with revenue from operations of Rs. 98,637.99 lakhs (up 39% from Rs. 70,926.41 lakhs), but net profit declined to Rs. 1,472.04 lakhs from Rs. 2,051.00 lakhs in the previous year. The Board recommended a final dividend of Rs. 2 per equity share (20%) for FY2025-26. Key governance items include the re-appointment of Mr. Abhishek Poddar as Non-Executive Independent Director for a second consecutive term of 5 years from September 2, 2027, subject to shareholder approval. The company also changed its accounting policy for land measurement from cost model to revaluation model under Ind-AS 16, resulting in a significant increase in freehold land value from Rs. 7.83 lakhs to Rs. 24,010.33 lakhs, with Rs. 24,002.50 lakhs recognized in Other Comprehensive Income. Remuneration revisions for two Vice Presidents (Mrs. Shriya Gupta and Ms. Isha Gupta) were also approved.
Revenue growth is strong but profitability declined year-on-year. The land revaluation substantially boosted other comprehensive income but does not affect cash flows. Shareholders should note the upcoming AGM for dividend and director re-appointment approvals.