Linc Limited has informed the Exchange about change in Management
LINC · price
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Awaiting price reaction for this filing.
Linc Limited's board met on May 7, 2025 and approved audited Q4 and FY25 results along with several management changes. Standalone revenue rose to Rs. 53,147.72 lakhs (~6% YoY) and net profit grew to Rs. 3,866.13 lakhs (~13% YoY); consolidated profit was Rs. 3,773.37 lakhs. The board recommended a 30% dividend (Rs. 1.50 per share of Rs. 5 face value, post the recent 1:1 bonus issue), with payment around August 27, 2025. Three promoter-family directors — Deepak Jalan (MD), Aloke Jalan (WTD), and Rohit Deepak Jalan (WTD, Sales & Marketing) — were re-appointed with revised, higher remuneration effective October 1, 2025, subject to shareholder approval. Ms. Mamta Binani was inducted as a new additional (independent) director and added to the Audit and NRC committees. The company also signed a JV with Ondesk Ventures for e-commerce distribution in India and appointed a new secretarial auditor for FY26–FY30.
Positive for shareholders: healthy double-digit profit growth, a continued dividend, and stable promoter-family leadership support continuity, while the new independent director strengthens governance. The JV with Ondesk opens an online distribution channel that could drive future growth, but a Rs. 353.39 lakh GST demand plus a similar penalty (contested by the company) is a watch item.