Sahyadri Industries Limited has informed the Exchange about Outcome of Board Meeting regardng Re-appointment of Mrs. Moushmi Sahil Shaha (DIN: 02915342) and Mr. Ankem Sri Prasad Mohan (DIN: 09413926) as Independent Director for a second term of five years.
SAHYADRI · price
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Sahyadri Industries held its board meeting on May 9, 2026, approving multiple items. Financially, the company reported FY2026 net profit of Rs. 29 crore, up 49% from Rs. 19.46 crore in FY2025, on revenue of Rs. 676.83 crore (vs Rs. 600.53 crore), driven by strong building materials segment growth. The board recommended a final dividend of Rs. 1.5 per share (face value Rs. 10), subject to shareholder approval. On the governance front, the board re-appointed Mrs. Moushmi Sahil Shaha and Mr. Ankem Sri Prasad Mohan as Independent Directors for second terms of five years each (July 2026 and December 2026 respectively). A new independent director, Mr. Sunil Mahendra Suratwala, was also appointed. All appointments are subject to shareholder approval. Statutory auditors M/s Joshi Apte & Co. were re-appointed for five years, and all board committees were reconstituted.
Strong financial performance with near-50% profit growth and a dividend payout signals positive momentum. Board stability is reinforced through re-appointments of two independent directors and a new addition, which should be viewed favourably by investors.