Board approved Re-appointment of Mrs. Moushmi Shah and Mr. Ankem Shri Prasad Mohan as Independent Directors for the sencond term of 5 years.
SAHYADRI · price
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Sahyadri Industries' Board meeting on May 9, 2026 approved multiple items including strong FY2026 financial results showing net profit of ₹29 Crores (up 49% from ₹19.46 Crores), with total income at ₹684.87 Crores. The Board recommended a final dividend of ₹1.5 per share. Key board decisions included re-appointment of Mrs. Moushmi Shah and Mr. Ankem Sri Prasad Mohan as Independent Directors for second terms of 5 years each, new appointment of Mr. Sunil Mahendra Suratwala as Independent Director, re-appointment of Statutory Auditors M/s Joshi Apte & Company for 5 years, and reconstitution of all Board committees. The company also disclosed ongoing expansion projects including a new asbestos corrugated sheet unit in Odisha (1,20,000 MT) and a non-asbestos cement boards plant in Maharashtra (72,000 MT).
The strong financial performance with near 50% profit growth and the continuity of experienced independent directors signals healthy governance and operational performance. The dividend recommendation provides direct shareholder return, while the expansion plans indicate growth-oriented capital allocation.