ORIENT CERATECH LIMITED has informed the Exchange regarding Re-Appointment for second term of Mr Ketan Shrimankar as Non- Executive Independent Director of the company w.e.f. August 11, 2026.
ORIENTCER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board meeting held on May 27, 2026 approved multiple items including: (1) Audited standalone net profit of ₹18.68 crore for FY26, up 94% from ₹9.61 crore in FY25; consolidated net profit was ₹21.86 crore; (2) Recommended dividend of 35% (₹0.35 per share of ₹1 face value); (3) Re-appointment of Mr. Ketan Shrimankar as Non-Executive Independent Director for a second term of 2 years from August 11, 2026, subject to shareholder approval; (4) Sale of Thermal Power Station (Power Division) at Porbandar Plant for ₹3.75 crore to SS Fabrication (non-promoter buyer), expected to complete within 6 months; (5) Company Secretary change - Mrs. Seema Sharma resigned effective April 7, 2026, replaced by Mr. Krupal Upadhyay effective June 1, 2026. An exceptional item of ₹169.28 lakh was recognized due to new labour codes implementation.
Strong financial performance with near-doubling of net profit is positive for shareholders. The asset sale and dividend recommendation signal stable operations. The director reappointment is routine governance matter with no red flags.