Appointment of Shri Mahendrakumar Gohel (08254455) as additional director (Non-executive Independent) and appointment of Smt. Pooja Bajaj (DIN: 09425947)as the additonal director (Non executive ....
BAJAJINDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indef Manufacturing Ltd, a Bajaj Group company spun off from Hercules Hoists, held its board meeting on May 25, 2026. The company reported audited standalone revenue of Rs. 19,567 lakhs and consolidated revenue of Rs. 20,769 lakhs for FY2026, both showing growth over the prior year. However, standalone profit after tax declined to Rs. 2,605 lakhs from Rs. 3,424 lakhs in FY2025, partly due to exceptional items of Rs. 61.44 lakhs related to new labour code implementation. The board recommended a final dividend of Rs. 2 per share (200%), maintaining last year's rate to mark the Bajaj Group's 100th anniversary. Two new directors were appointed: Shri Mahendrakumar Gohel as Non-Executive Independent Director for a 5-year term, and Smt. Pooja Bajaj as Non-Executive Non-Independent Director. The Risk Management Committee was dissolved as it was no longer applicable under SEBI regulations. The 4th AGM is scheduled for August 12, 2026.
The dividend continuity signals financial stability despite profit decline. Appointment of an independent chartered accountant strengthens financial oversight, while the promoter family board entry (Pooja Bajaj is daughter-in-law of Shekhar Bajaj) may reinforce Bajaj Group alignment. Dissolution of the Risk Management Committee simplifies governance structure.