R K Swamy Limited has informed the Exchange regarding Appointment of Mr. Ramesh Narayan (DIN: 00189290) as an Additional Non-Executive Independent Director of the Company
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R K Swamy Limited's Board of Directors, at its meeting on May 19, 2026, approved the appointment of Mr. Ramesh Narayan as an Additional Non-Executive Independent Director. The company also reported strong FY2026 financial results with consolidated revenue from operations of Rs 34,075.43 lakhs (up 15.8% YoY) and net profit of Rs 2,210.59 lakhs (up 18.5% YoY). The Board recommended a final dividend of Rs 2 per equity share (40%) for FY2026, subject to shareholder approval at the AGM. Additionally, M/s. ASA & Associates LLP was re-appointed as Internal Auditors for FY2026-27. The statutory auditors issued an unmodified opinion on both standalone and consolidated financial results.
Appointment of an Independent Director strengthens board governance and independence. Combined with strong financial performance and dividend recommendation, this announcement is positive for shareholders. The stock may see positive sentiment given improved profitability and governance enhancements.