PI Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
PIIND · price
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Awaiting price reaction for this filing.
PI Industries' board on May 19, 2025 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with auditors Price Waterhouse issuing an unmodified opinion. The board recommended a final dividend of Rs. 10 per share (1000%) on a Re. 1 face value, taking total FY25 dividend to Rs. 16 per share (including Rs. 6 interim). The 78th AGM is set for August 14, 2025, with August 7, 2025 as the record date. Several director moves were approved: re-appointment of Mayank Singhal as Vice Chairperson & MD (5 years from Oct 1, 2025), re-appointment of Rajnish Sarna as Joint MD (3 years from Nov 7, 2025), re-appointment of Lisa J. Brown as Independent Director for a second 5-year term, and appointment of V.K. Viswanathan as a new Independent Director. Dr. T.S. Balganesh will move from Independent to Non-Executive Non-Independent Director.
Positive signal for shareholders: the Rs. 16 total dividend reflects strong cash returns, and the clean audit opinion plus continuity of senior leadership (Singhal, Sarna) supports stability. One new independent director joins and one shifts to non-executive role, with no resignations or governance red flags noted.