Re-appointment of Mr. Yogesh Kapur (DIN: 00070038) as an Independent Director of the Company for a second term of five consecutive years commencing from the conclusion of 13th Annual General ....
GREENLAM · price
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Greenlam Industries reported FY26 standalone revenue of Rs. 2,415.19 crore (up 9.4% YoY) and consolidated revenue of Rs. 3,046.08 crore (up 18.5% YoY). Standalone profit before tax rose to Rs. 186.37 crore from Rs. 152.39 crore. However, consolidated profit before tax declined to Rs. 95.44 crore from Rs. 106.39 crore in the previous year. The board recommended a final dividend of Rs. 0.40 per share and approved re-appointment of Mr. Yogesh Kapur as Independent Director for another 5-year term. Additionally, the board approved voluntary liquidation of PT Greenlam Asia Pacific (Batam), a step-down subsidiary in Indonesia. During Q4, Income Tax Department conducted search proceedings at the company's registered office and subsidiary; no material adverse impact has been assessed by management.
Strong revenue growth demonstrates business expansion, though consolidated profitability declined due to exceptional items and foreign exchange losses. The re-appointment of an experienced independent director supports governance stability. The subsidiary liquidation and IT search proceedings warrant monitoring for potential future impact.