Havells India Limited has informed the Exchange regarding Appointment of Shri Varun Berry as Non- Executive Independent Director of the company w.e.f. April 22, 2026.
HAVELLS · price
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Havells India reported its Q4 and FY2026 financial results with auditors giving an unmodified opinion. The Board recommended a final dividend of Rs. 6 per share (600%), adding to the interim dividend of Rs. 4 per share already paid during FY2026. Several board changes were approved: Shri Varun Berry, former Vice Chairman & MD of Britannia Industries, was appointed as an Additional Independent Director effective April 22, 2026, for a 5-year term. Meanwhile, Shri Vivek Mehra resigned as Independent Director on the same date, citing no material reasons beyond what was in his resignation letter. Three other independent directors (Namrata Kaul, Ashish Bharatram) were reappointed for second terms, and two non-independent directors (Puneet Bhatia, TV Mohandas Pai) were also reappointed. Statutory auditors Price Waterhouse & Co were reappointed for another 5-year term.
The appointment of an experienced industry veteran like Varun Berry strengthens board quality, while Vivek Mehra's resignation (with no adverse reasons stated) appears routine. The dividend payout signals financial health. Overall, this appears neutral to slightly positive for governance and shareholder returns.