Orient Bell Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2026.
ORIENTBELL · price
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Orient Bell Limited's Board of Directors met on May 19, 2026, and approved the audited standalone and consolidated financial results for Q4 and the financial year ended March 31, 2026. Statutory auditors M/s S.R. Dinodia & Co. LLP issued an unmodified opinion on the results. The Board also recommended a dividend of Rs. 1 per equity share (face value Rs. 10) for FY 2025-26, subject to shareholder approval at the upcoming AGM, with payment within 30 days of declaration. Additionally, the Board approved the re-appointment of Mr. Mahendra K. Daga as Chairman & Whole-Time Director (from April 1, 2027 for 3 years), Ms. Bindiya Shyam Agrawal as Non-Executive Non-Independent Director (from Oct 28, 2026 for 1 year), and Mr. K.M. Pai as Independent Director (from April 1, 2027 for 5 years). A new appointment of Mr. Sreeji Kamala Gopinathan as Additional Director (Non-Executive Independent) was also approved from May 19, 2026, pending AGM confirmation.
The approval of Q4/FY results with clean audit opinion and the proposed dividend are positive signals for shareholders. The continuity of leadership through director re-appointments provides stability. The new appointment of a technology-experienced director may bring digital transformation expertise to the Board.