PI Industries Limited has informed the Exchange about change in Management of the Company as per the letter attached.
PIIND · price
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On the reaction day the stock moved 7.8 pts less than Nifty Midcap 150 and 7.0 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PI Industries Limited's Board meeting on May 19, 2026 approved FY2026 audited standalone financial results showing total income of Rs. 64,904 million (down from Rs. 78,718 million in FY2025) and profit after tax of Rs. 14,348 million. The Board recommended a final dividend of Rs. 10 per share, bringing total dividend for the year to Rs. 15 per share (including Rs. 5 interim dividend already paid). Key management changes include: (i) Mr. Rajnish Sarna resigned as Joint Managing Director but continues as Non-Executive Non-Independent Director, (ii) Mr. Arvind Singhal expressed intention not to seek re-appointment at the ensuing AGM and will retire, (iii) Dr. Atul Kumar Gupta appointed as Additional Director in Executive Category and Whole-time Director for 3 years, and (iv) re-appointment of three Independent Directors for second terms.
Resignation of Joint Managing Director and retirement of non-independent director represents governance changes at the leadership level; new executive director appointment and strong dividend payout (1500% on face value) indicate management stability and shareholder-friendly approach.