Outcome of Board Meeting
HISARMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hisar Metal Industries reported audited financial results for FY2026 with revenue of Rs 26,196 lakhs (up 7% from Rs 24,483 lakhs). Net profit grew 8.7% to Rs 338 lakhs from Rs 311 lakhs, with EPS at Rs 6.41 versus Rs 5.83. The Board recommended a dividend of Rs 1 per share (10%) for FY2025-26, subject to shareholder approval at the AGM on August 28, 2026. Two new Independent Directors - Mr. Manish Jain and Mr. Shreyaskar Chaudhary - were appointed for 5-year terms, while Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain resigned from Independent Director positions. Ms Ritu Agarwal was appointed Internal Auditor and M/s Naveen Gupta & Co. as Cost Auditors for FY2026-27. Statutory auditors issued an unmodified opinion.
The company showed steady growth with ~7-9% improvement in revenue and profits, which is positive for shareholders. The dividend recommendation reinforces confidence in cash generation. Board changes and resignations of independent directors indicate governance restructuring that shareholders should monitor.