Appointment and change in designation of directors.
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Hindustan Hardy held its 43rd AGM on September 16, 2025, via video conferencing, where all 10 resolutions were approved by shareholders with over 99.99% votes in favour. Key outcomes include approval of audited financials for FY25, declaration of a final dividend of Rs. 2.80 per equity share, and appointment of secretarial auditors for five years (FY26-FY30). On the board front, Mr. Vijay Pathak was reappointed as Executive Director & COO for three years, Mr. Cowasji Jehangir Jehangir was appointed as an Independent Director for five years, and Ms. Devaki Saran's designation was changed to Chairperson and Managing Director with revised remuneration. Two new directors were inducted — Ms. Arati Saran and Ms. Mallika Saran — with Mallika Saran additionally appointed as Executive Director & CFO for three years from June 1, 2025.
Shareholders approved a healthy dividend payout of Rs. 2.80/share, reflecting continued profitability. The board now includes two directors and a new CFO from the same family as the existing Managing Director (Devaki Saran), signalling promoter-family consolidation at the leadership level, which minority investors should note when assessing governance.