(1) Retirement of Mr. M. B. Raghunath, CEO on 31st May, 2026. (2) Appointment of Mr. Priyavrata H. Mafatlal as Chief Executive Officer (CEO) in addition to his role as Managing Director ....
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Mafatlal Industries' Board approved FY2026 audited results with standalone revenue of Rs 3,870 crore (up 38% YoY) and PAT of Rs 91.07 crore, though consolidated PAT declined to Rs 89.07 crore from Rs 97.93 crore due to subsidiary losses. The Board recommended a final dividend of Rs 1.25 per share (62.5% on face value). Mr. M. B. Raghunath retires as CEO on May 31, 2026 after over 30 years of service; he will continue in an advisory role for Strategy & Projects. Mr. Priyavrata H. Mafatlal, currently Managing Director and son of Executive Chairman Mr. Hrishikesh A. Mafatlal, has been appointed as the new CEO for a 3-year term from June 1, 2026. The Board also re-appointed Mr. Hrishikesh A. Mafatlal as Executive Director for another 2-year term from November 2026. Cost auditor M/s. B. Desai & Co. appointed for FY2027. Record date for dividend is July 31, 2026, and the 112th AGM will be held on August 7, 2026 via VC.
Leadership transition from professional CEO to promoter family member consolidates control. Financial results show strong revenue growth but declining profitability. Dividend offers shareholder returns.