PI Industries Limited has informed the Exchange regarding Appointment of as Non- Executive Independent Director of the company w.e.f. May 19, 2025.
PIIND · price
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PI Industries' board on May 19, 2025 approved audited financial results for Q4 and FY25 (auditor Price Waterhouse gave an unmodified opinion). The board recommended a final dividend of Rs. 10 per share (1000% on face value of Re. 1), taking the total FY25 dividend to Rs. 16 per share including the Rs. 6 interim dividend already paid. The 78th AGM was scheduled for August 14, 2025, with August 7, 2025 fixed as the record date. M/s Makarand M. Joshi & Co. was appointed as Secretarial Auditor for 5 years (FY26–FY30) and M/s K.G. Goyal & Co. was re-appointed as Cost Auditor for FY26. Several board changes were approved: Mr. Vegulaparanan Kasi Viswanathan joined as an Independent Director from May 19, 2025, while Mr. Mayank Singhal (Vice Chairperson & MD), Mr. Rajnish Sarna (Joint MD), and Ms. Lisa J. Brown (Independent Director) were re-appointed for further terms, and Dr. Tanjore Soundararajan Balganesh will move to a Non-Executive Non-Independent role from September 5, 2025.
The Rs. 16 total dividend for FY25 signals strong shareholder returns, and the clean audit opinion is a positive governance marker. The continuity in top management (re-appointment of both MDs) provides stability, while the new independent director addition strengthens the board.