Lambodhara Textiles Limited has informed the Exchange regarding Change in Director(s) of the company.
LAMBODHARA · price
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Lambodhara Textiles held its Board Meeting on May 30, 2026, approving multiple items. The company reported audited FY2026 results with total revenue of Rs. 24,320 Lakhs (up 3.5% YoY) and profit after tax of Rs. 1,100.48 Lakhs (up 61% YoY), driven by improved segment performance. EPS for FY2026 stands at Rs. 10.60 versus Rs. 6.58 in FY2025. The Board recommended a dividend of Rs. 0.50 per share (10% on Rs. 5 face value), subject to shareholder approval. Three Whole-time Directors were re-appointed for 3-year terms: Mr. Balu Narayanasamy (father of Nishanth Balu), Mrs. Bosco Giulia (wife of Promoter/CFO R. Santossh), and Mr. Nishanth Balu (son of Balu Narayanasamy). The company also approved changing its Registrar and Share Transfer Agent from MUFG Intime India to Cameo Corporate Services.
The strong 61% jump in PAT and clean audit opinion are positive signals. However, the re-appointment of three related party directors from the promoter family (father-son and spouse) may raise governance concerns for some investors. The dividend, if approved, provides direct shareholder return.