Fiem Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
FIEMIND · price
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Fiem Industries reported FY2026 standalone net profit of Rs 25,387.76 lakhs (up 24% YoY) with EPS of Rs 96.46. Consolidated net profit stood at Rs 25,558.44 lakhs. The Board recommended a final dividend of Rs 40 per share (400%), up from Rs 30 last year, payable by August 14, 2026 to shareholders on record July 24, 2026. Key leadership changes include the resignation of Mr. Vineet Sahni as CEO and Whole-time Director effective May 31, 2026, and re-designation of Mr. Jagjeevan Kumar Jain as Executive Chairman and Mr. Rahul Jain as Managing Director, both effective June 1, 2026. Ms. Aanchal Jain was re-designated as Joint Managing Director. The 37th AGM is scheduled for July 31, 2026.
The CEO's resignation is a significant change requiring attention, though the Jain family leadership continuity through re-designations provides stability. The strong financial performance and increased dividend should support shareholder confidence.