Please find attached the Outcome for the Board meeting held today i.e. May 25, 2026.
BAJAJINDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Indef Manufacturing Ltd held its Board meeting on May 25, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported standalone revenue from operations of Rs. 19,567 lakhs (up 10.7% from Rs. 17,672 lakhs in FY25) and consolidated revenue of Rs. 20,769 lakhs (up 16.3%). However, standalone profit after tax declined to Rs. 2,605 lakhs from Rs. 3,424 lakhs in FY25, while consolidated PAT fell to Rs. 2,339 lakhs from Rs. 3,416 lakhs. The Board recommended a final dividend of Rs. 2 per share (200%) for FY26, same as last year, in celebration of Bajaj Group's 100 years. Two new directors were appointed: Shri Mahendrakumar Gohe as Independent Director and Smt. Pooja Bajaj as Non-Executive Non-Independent Director (related party - daughter-in-law of Chairman Shekhar Bajaj). The Risk Management Committee was dissolved as it was no longer applicable under SEBI LODR. Statutory auditors issued unmodified opinion.
Despite revenue growth, the significant decline in profitability (PAT down ~24% standalone) may concern shareholders. The unchanged dividend and related party appointment of a family member could attract shareholder scrutiny. The clean audit opinion provides assurance on financial reporting quality.