Re-appointment of Mr. Heramb R Hajarnavis and Ms. Gangapriya Chakraverti as Independent Directors of the Company for a second term of five years w.e.f. 10th August 2026, subject to approval ....
INDNIPPON · price
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India Nippon Electricals Ltd held a Board meeting on May 28, 2026, approving several items including audited standalone and consolidated financial results for Q4 and FY26. The company reported standalone revenue of Rs. 1,068.48 crore for FY26, up from Rs. 844.83 crore in FY25, with profit after tax of Rs. 111.26 crore (consolidated). The Board approved re-appointment of Mr. Heramb R Hajarnavis and Ms. Gangapriya Chakraverti as Independent Directors for a second term of five years each, effective August 10, 2026, subject to shareholder approval at the ensuing AGM scheduled for July 30, 2026. Additional approvals included appointment of PKF Sridhar & Santhanam LLP as internal auditors and re-appointment of Mr. K Suryanarayanan as cost auditor for FY26-27. An exceptional item of Rs. 15.21 crore was recognized from land compensation received from Haryana government.
The re-appointment of two experienced Independent Directors ensures continuity in board oversight and governance. The strong financial performance with ~27% revenue growth and clean audit opinion (unmodified) with no material concerns should be positive for investor confidence.