The Board of Directors at their meeting held on May 25, 2026 recommended the re-appointment of Smt. T Kalaivani and Smt. Gayatri Vijaikumar as Independent Directors of the Company for a ....
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The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Standalone revenue from operations stood at Rs 15,151.79 lakhs with profit before tax of Rs 2,779.11 lakhs and EPS of Rs 5.40 for the year. The Board recommended a dividend of Rs 0.60 per share (6%) subject to shareholder approval at the 36th AGM scheduled for September 17, 2026. Two Independent Directors - Smt. T Kalaivani and Smt. Gayatri Vijaikumar - have been recommended for re-appointment for a second term of 5 years each, effective from August 19, 2027, subject to AGM approval. Cost Auditor (Sri B. Venkateswar) and Internal Auditors (M/s R Rahul Jain & Co.) were also re-appointed for FY2026-27. Additionally, the company ceased to be a subsidiary of Sunmet Holdings Private Limited (50.11%) and is now classified as an associate company (49.95%).
The company reported strong financial performance with improved profitability. The re-appointment of both Independent Directors for second terms signals board continuity and stability. The change in shareholding structure from subsidiary to associate status is a significant ownership change that investors should note.