Re-appointment of Mr. Subramaniam Somasundaram as an Independent Director
HONASA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Honasa Consumer Limited (Mamaearth parent) held its Board meeting on May 21, 2026 and approved several items. The company reported strong full-year FY26 results with consolidated revenue of Rs 23.92 billion (up 16% YoY) and profit after tax of Rs 2.0 billion (up 175% YoY), with EPS of Rs 6.15. The Board recommended a maiden final dividend of Rs 3 per equity share (30% of face value), subject to shareholder approval at the AGM. Mr. Subramaniam Somasundaram has been re-appointed as Independent Director for a second term of five years (February 2027 to February 2032). Additionally, BDO India Services Private Limited was appointed as Internal Auditors, and three senior management personnel were promoted: Mr. Vipul Maheshwari (EVP – Product and Data), Mr. Nishchay Bahl (SVP – Offline Revenue), and Mr. Nilesh Kotalwar (SVP – Online Revenue).
The re-appointment of an independent director signals board continuity and good governance. Strong financial performance with maiden dividend and near-tripling of profits should be positive for investor sentiment.