Indef Manufacturing Limited has informed the Exchange regarding Appointment of Smt. Pooja Bajaj as Non- Executive Director of the company w.e.f. May 25, 2026.
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Indef Manufacturing Limited announced the appointment of Smt. Pooja Bajaj as Non-Executive Director (Additional Director) effective May 25, 2026. She is the daughter-in-law of Shri Shekhar Bajaj, the Chairman of the company, representing a promoter family entry to the board. The company also approved the audited standalone and consolidated financial results for FY2026, reporting standalone revenue of Rs 19,567 lakhs and consolidated revenue of Rs 20,769 lakhs. Standalone profit after tax was Rs 2,605 lakhs compared to Rs 3,424 lakhs in the previous year, showing a decline. The Board recommended a final dividend of Rs 2 per share (200%) for FY2026. Additionally, Shri Mahendrakumar Gohe was appointed as an Independent Director, and M/s Aatish Dhatrak & Associates was appointed as Cost Auditors for FY2026-27.
The appointment of a promoter family member to the board signals stronger family involvement in governance. While the company maintains dividend payouts and shows revenue growth, the decline in profitability may warrant attention from investors.