Re-appointment of Mr. Ketan Shrimankar as No-Executive Independent Director
ORIENTCER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Ceratech reported strong FY2026 results with standalone revenue of Rs 405.39 crore (up 22% YoY) and net profit of Rs 18.68 crore (up 94% YoY). The Board approved a 35% dividend (Rs 0.35 per share) subject to shareholder approval. Key governance changes include re-appointment of Mr. Ketan Shrimankar as Non-Executive Independent Director for a second 2-year term starting August 2026, and appointment of Mr. Krupal Upadhyay as Company Secretary effective June 2026, following Mrs. Seema Sharma's resignation in April 2026. The company also approved sale of its Thermal Power Station at Porbandar for Rs 3.75 crore to SS Fabrication, an unrelated party.
Positive signals include doubling of net profit and maiden dividend recommendation. The KMP transition (Company Secretary change) is routine but worth monitoring for compliance continuity.