Re-appointment of Independent Directors
SALZERELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salzer Electronics' Board meeting on May 23, 2026 approved the re-appointment of two Independent Directors—Mrs. Priya Bhansali and Mr. Sharat Chandra Bhargava—for second terms of five years each, effective August 7, 2026. Both directors confirmed independence under the Companies Act 2013 and SEBI Listing Regulations. The meeting also approved FY2026 audited results: standalone revenue grew 24% to Rs. 17,152 Lakhs with PAT of Rs. 5,383 Lakhs, while consolidated revenue reached Rs. 17,584 Lakhs with PAT of Rs. 5,377 Lakhs. The Board recommended a 25% dividend (Rs. 2.50 per share) payable to shareholders on record date August 28, 2026. The 41st AGM is scheduled for September 12, 2026 via video conferencing.
The re-appointment of two independent directors for consecutive terms indicates stable corporate governance with no governance red flags. The company posted strong revenue growth of 24% YoY, though PAT declined ~14% on standalone basis due to higher tax expenses and exceptional items, suggesting margin pressure. The dividend declaration is positive for shareholders.