Appointment of Mr. Chirag Ashwinkumar Shah (DIN: 01480310) as a Non-Executive, Non-Independent Director of the Company
PRUDENT · price
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Prudent Corporate Advisory Services held its Board meeting on May 7, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported consolidated total income of Rs. 1,34,060.06 lakhs (up 18.3% YoY) and consolidated profit after tax of Rs. 22,205.25 lakhs (up 13.5% YoY). Standalone PAT grew 38.3% to Rs. 21,660.34 lakhs. The Board recommended a final dividend of Rs. 3.50 per share (70% on face value of Rs. 5). Additionally, Mr. Chirag Shah, who has been with the Prudent Group since 2004 and currently manages the subsidiary Gennext Insurance Broking, was appointed as Non-Executive, Non-Independent Director effective July 22, 2026, subject to shareholder approval. The company also completed acquisition of Indus Capital's mutual fund distribution business in Q3 FY2026 for Rs. 12,375 lakhs.
Strong financial performance with 38% standalone PAT growth and shareholder-friendly dividend recommendation. The appointment of an internal senior executive to the board signals continuity and insider control rather than governance risk.