Indef Manufacturing Limited has informed the Exchange regarding Appointment of Shri Mahendrakumar Gohel (DIN:08254455) as Non- Executive Independent Director of the company w.e.f. May 25, 2026.
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INDEF Manufacturing Limited held its Board meeting on May 25, 2026, approving audited financial results for Q4 and FY26. Standalone revenue for FY26 stood at Rs 19,567 lakhs with PAT of Rs 2,605 lakhs, while consolidated revenue reached Rs 20,769 lakhs with PAT of Rs 2,339 lakhs (down from Rs 3,416 lakhs in FY25 due to new subsidiary consolidation). The Board recommended a final dividend of Rs 2 per share (200%) for FY26, same as last year, to be paid after shareholder approval at the August 12 AGM. Two new directors were appointed: Shri Mahendrakumar Gohel (Chartered Accountant with 35+ years experience) as Non-Executive Independent Director for 5 years, and Smt. Pooja Bajaj (daughter-in-law of Chairman Shekhar Bajaj) as Non-Executive Non-Independent Director. The Risk Management Committee was dissolved as it was no longer applicable under SEBI LODR.
The appointment of a family member (Pooja Bajaj) to the board may raise governance concerns for some investors, though the dividend continuity and solid financials provide stability. The independent director appointment strengthens board oversight.