Orient Bell Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2026, recommended Final Dividend of Re. 1 per equity share.
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 FY2026 ended March 31, 2026, with an unmodified audit opinion from S.R. Dinodia & Co. LLP. The Board recommended a final dividend of Re. 1 per equity share (10% on face value of Rs. 10) for FY2026, subject to shareholder approval at the AGM, with payment within 30 days of declaration. Additionally, the Board re-appointed Mr. Mahendra K. Daga as Chairman & Whole-Time Director for 3 years, Ms. Bindiya Shyam Agrawal as Non-Executive Non-Independent Director for 1 year, and Mr. K.M. Pai as Independent Director for 5 years. A new Independent Director, Mr. Sreeji Kamala Gopinathan, was also appointed as Additional Director.
The dividend of Re. 1 per share signals consistent cash returns to shareholders. The unmodified audit opinion indicates clean financial reporting. The re-appointment of key directors, including the founder Mr. Mahendra K. Daga (87 years old), provides continuity in leadership, while adding a technology-focused director suggests a push toward digital transformation.