Pilani Investment and Industries Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
PILANIINVS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved audited financial results for Q4 and FY2026 ended March 31, 2026. Standalone profit after tax declined to Rs. 7,185.76 lakhs from Rs. 16,940.61 lakhs in the previous year, while consolidated profit after tax (including associate) was Rs. 3,105.55 lakhs versus Rs. 9,848.28 lakhs last year. The Board appointed Shri Arun Laddha as an Additional Non-Executive Independent Director for 5 years, pending shareholder approval within 3 months. The dividend decision has been adjourned to June 4, 2026. The company also issued Rs. 500 crore of 8.11% NCDs maturing April 2029. Finance costs nearly doubled to Rs. 16,462.15 lakhs from Rs. 8,838.73 lakhs.
Profitability has declined significantly year-on-year due to higher finance costs and losses from an associate company. The appointment of a new independent director may bring fresh perspective to the board. Dividend uncertainty adds to investor caution.