Appointment of Cost Auditors
HISARMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hisar Metal Industries board meeting held on May 30, 2026 approved audited FY2026 results with net profit of Rs. 338 lakhs (up from Rs. 311 lakhs in FY2025). Total income stood at Rs. 26,196 lakhs versus Rs. 24,483 lakhs previous year. EPS improved to Rs. 6.47 from Rs. 5.83. The board recommended a 10% dividend (Rs. 1 per share). Two new independent directors - Mr. Manish Jain and Mr. Shreyaskar Chaudhary - were appointed for 5-year terms, while two existing independent directors (Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain) resigned effective the same day. Ms Ritu Agarwal was appointed as Internal Auditor and M/s. Naveen Gupta & Co. as Cost Auditor for FY2026-27. The 36th AGM is scheduled for August 28, 2026.
Positive financial performance with profit growth and shareholder-friendly dividend. However, simultaneous resignation and appointment of two independent directors signals significant board change that investors should monitor, particularly given the resignations are effective closing hours of the same day as appointments.