Appointment and re-appointment of Directors of the Company
GANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board meeting held on May 26, 2026 approved multiple items including audited financial results for Q4 and FY26. Standalone revenue stood at Rs 3,422.56 crore with net profit of Rs 138.39 crore, while consolidated revenue reached Rs 4,241.18 crore with net profit of Rs 137.25 crore. Mrs. Deena Mehta resigned as Independent Director, triggering committee reconstitution. Mr. Santokhsingh Karamsingh Sandhu was appointed as Additional Non-Executive Independent Director and Mr. Jatin Dhamani as Additional Whole Time Director. Existing Joint Managing Directors Mr. Samir Parekh and Mr. Aslesh Parekh were re-appointed for another 5 years. The company also announced plans to incorporate a wholly-owned subsidiary in South Africa and purchase land at Raigad (21,551 sq. meters) for expansion.
The resignation of Mrs. Deena Mehta represents a change in board composition. However, the appointment of new independent directors and reconstitution of committee positions maintains board functionality. The strong financial performance with near-doubling of net profit YoY and clean audit opinion are positive signals. The international expansion plans and land acquisition indicate growth-oriented initiatives.