Outcome of the Board Meeting held on May 19, 2026 including approval of Audited Financial Results for the quarter and financial year ended March 31, 2026 and recommendation of final dividend ....
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PI Industries Ltd reported audited standalone financial results for FY 2025-26 with revenue declining to ₹61,827 million from ₹75,712 million in the previous year. Profit after tax fell to ₹14,348 million from ₹18,665 million, representing a significant decline. The Board declared an unmodified opinion on auditor reports with no qualifications. Exceptional items of ₹1,117 million were recorded, primarily comprising a ₹1,100 million provision for impairment of investment in subsidiary PIHS, plus ₹17 million related to New Labour Codes. The Board recommended a final dividend of ₹10 per share (total dividend for the year including interim ₹5 = ₹15 per share). Several board changes were approved: resignation of Joint Managing Director Rajnish Sarna (re-designated as Non-Executive Director), retirement of director Arvind Singhal, appointment of Dr. Atul Kumar Gupta as Whole-time Director, and re-appointment of independent directors.
The 18% revenue decline and 23% PAT decline are concerning for shareholders. However, the dividend continuity signals management confidence. The large exceptional item (impairment provision) indicates underlying issues in subsidiary operations that may require monitoring.