Outcome of Board Meeting held on May 30, 2026
HISARMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hisar Metal Industries reported audited FY2026 results with total income of Rs 26,196 lakhs, up 7% from Rs 24,483 lakhs in FY2025. Net profit grew 8.7% to Rs 338 lakhs from Rs 311 lakhs, with EPS improving to Rs 6.43 from 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, while Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain resigned. The audit, nomination & remuneration, and CSR committees were reconstituted. Statutory auditors Ram Sanjay & Co issued an unmodified opinion on the financial statements.
Positive signals include revenue and profit growth, consistent earnings improvement, and shareholder-friendly dividend payout. Two board resignations and subsequent independent director appointments indicate board refreshment, which may boost governance perception.