Harsha Engineers International Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026 - Approval of ESOP Scheme
HARSHA · price
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Harsha Engineers International Limited's Board of Directors met on May 7, 2026 and approved multiple items. The company reported strong FY2026 standalone financials with revenue of Rs. 1,22,820 lakhs (up 12.8% YoY) and profit after tax of Rs. 17,680 lakhs (vs Rs. 3,536 lakhs in FY2025, which was impacted by an impairment charge). The Board recommended a final dividend of Rs. 1.5 per share (15%) subject to shareholder approval at the 16th AGM on July 23, 2026. Key approvals include a new Employee Stock Option Plan 2026 (ESOP 2026) with a pool of 18,00,000 stock options, appointment of M/s Mukesh M. Shah & Co as statutory auditor for 5 years, and reappointment of four independent directors for a second term of 5 years each effective January 10, 2027.
The approval of ESOP 2026 aligns employee interests with shareholders and aids talent retention. Strong FY2026 profit growth and the dividend recommendation are positive signals for investors, with the AGM and record date set for July 2026.