Harsha Engineers International Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026. - Re-Appointment of Independent Directors st approval of the Shareholders
HARSHA · price
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Harsha Engineers International Limited held its Board Meeting on May 7, 2026, approving multiple items. For FY26, standalone revenue grew to Rs. 1,26,619 lakhs (up 12.3% YoY), with Profit After Tax at Rs. 17,680 lakhs (vs Rs. 3,536 lakhs in FY25, which was impacted by exceptional items). Basic EPS stood at Rs. 19.42. 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. Four Independent Directors (Mr. Ambar Patel, Mr. Kunal Shah, Dr. Bhushan Punani, Mr. Ramakrishnan Kasinathan) were reappointed for a second 5-year term effective January 10, 2027. The company also proposed a new ESOP 2026 scheme with 18 lakh options and recommended changing statutory auditors from Pankaj R. Shah & Associates to Mukesh M. Shah & Co.
Strong financial performance with ~400% jump in PAT and positive dividend recommendation signals shareholder-friendly policies. Reappointment of all four independent directors provides board stability. The new ESOP scheme may help employee retention.