Please find enclosed herewith the 43rd Annual Report of Havells India Limited ('the Company') for the financial year 2025-26 as the 8th Integrated Report of the Company alongwith the Notice ....
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Havells India has released its 43rd Integrated Annual Report for FY 2025-26, containing the Business Responsibility and Sustainability Report (BRSR) with Reasonable Assurance on BRSR Core. The 43rd AGM is scheduled for 19 June 2026 via video conferencing. Key agenda items include adoption of audited financial statements, confirmation of ₹4 per share interim dividend already paid, and proposal to declare a final dividend of ₹6 per share. Three executive directors (Rajesh Kumar Gupta, T.V. Mohandas Pai, Puneet Bhatia) are retiring by rotation and seeking reappointment. Two independent directors (Namrata Kaul, Ashish Bharat Ram) are proposed for second term reappointment. A new independent director, Varun Berry, is proposed for appointment. Statutory auditors Price Waterhouse & Co are proposed for reappointment for a second term of 5 years at a fee of ₹1.55 crores. A new Employees Stock Purchase Scheme 2026 (ESPS 2026) is proposed, enabling issuance of up to 1% of paid-up equity capital (62,72,568 shares) to eligible employees through the Havells Employees Welfare Trust, with the company authorised to provide financial assistance to the Trust.
The filing is routine — the company maintains governance continuity with board reappointments and auditor reappointment. The proposed ESPS 2026 (up to 1% equity dilution) is the most shareholder-relevant item as it creates employee alignment with long-term performance but involves minor equity dilution. No material impact expected from standard dividend and governance items.