Hisar Metal Industries Limited has informed the Exchange about Appointment of Internal Auditor
HISARMETAL · price
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Hisar Metal Industries Limited held its Board meeting on May 30, 2026, approving audited financial results for Q4 and FY2026. The company reported total income of Rs. 26,196 lakhs (up from Rs. 24,483 lakhs) and net profit of Rs. 338 lakhs (up from Rs. 311 lakhs) with EPS of Rs. 6.41. The Board recommended a dividend of Rs. 1 per equity share (10%) for FY2025-26, subject to shareholder approval at the AGM scheduled for August 28, 2026. Two independent directors, Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain, resigned effective May 30, 2026. The Board appointed two new Additional Directors (Non-Executive Independent Directors) - Mr. Manish Jain and Mr. Shreyaskar Chaudhary - for a term of 5 years, subject to shareholder approval. Ms Ritu Agarwal was appointed as Internal Auditor and M/s. Naveen Gupta & Co. as Cost Auditor for FY2026-27. All three board committees (Audit, NRC, and CSR) were reconstituted.
The resignation of two independent directors and appointment of two new independent directors indicates a significant board transition. The positive financial performance with improved profitability and a dividend recommendation is a positive signal for shareholders.