Board approved Appointment of Mr. Sunil Mahendra Suratwala as Non- Executive Independent Director W.e.f 9th May, 2026.
SAHYADRI · price
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Sahyadri Industries' Board meeting on May 9, 2026 approved multiple items including appointment of Mr. Sunil Mahendra Suratwala as Non-Executive Independent Director for 5 years (May 2026 to May 2031), subject to shareholder approval. The company also announced strong FY2026 financial results with net profit of ₹29.00 Crores, up 49% from ₹19.46 Crores in FY2025, on revenue of ₹676.83 Crores. The Board recommended a final dividend of ₹1.5 per share for FY2025-26. Additionally, two existing Independent Directors (Mrs. Moushmi Shaha and Mr. Ankem Sri Prasad Mohan) were re-appointed for second terms of 5 years each. Statutory auditors M/s Joshi Apte & Company were also re-appointed for 5 years. The Board reconstituted its committees, adding the new director to Audit, Nomination & Remuneration, and Stakeholder Relationship Committees.
The appointment of an experienced chartered accountant as Independent Director strengthens board governance. Strong profit growth and dividend recommendation are positive signals for shareholders.