Havells India Limited has informed the Exchange regarding Resignation of Shri Vivek Mehra as Non- Executive Independent Director of the company w.e.f. April 22, 2026.
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Shri Vivek Mehra has resigned as Non-Executive Independent Director of Havells India effective April 22, 2026. The resignation is due to health reasons—he has been advised to stay away from NCR pollution due to severe chest congestion and breathing issues, and he now resides in Mukteshwar. He confirmed there are no other material reasons for his resignation. Mehra also stepped down as Chairman and Member of the CSR & ESG Committee. The company simultaneously announced appointment of Shri Varun Berry (former Britannia Vice Chairman & MD) as an Independent Director, along with re-appointments of several other directors. The Board also approved Q4 and FY 2026 financial results with unmodified opinion and recommended a final dividend of Rs. 6 per share (total dividend including interim: Rs. 10 per share).
The resignation of an independent director is typically a minor governance event, especially since the director cited personal health reasons and confirmed no material disagreements. The company has proactively filled the vacancy with a new independent director, suggesting continuity of governance. The dividend recommendation signals financial stability.