Submission of outcome of Board Meeting held today at the registered office of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited FY2026 results showing profit after tax of Rs. 974.78 lakhs, up 65% from Rs. 590.27 lakhs in FY2025. Revenue from operations was Rs. 28,566.35 lakhs. The board recommended a final dividend of Rs. 0.50 per share (5% on face value Rs. 10), subject to shareholder approval at the 40th AGM. The meeting also saw a change in CFO, with Mr. Boorugu Venkatesham resigning effective May 28, 2026, and Mr. Veera Raghavaiah Panchagnula (CA Inter, MBA Finance with 30+ years experience) appointed as new CFO from May 29, 2026. M/s Apical Business Advisory Services LLP was appointed as internal auditor for FY 2026-27.
Strong profit growth of 65% year-on-year and a modest dividend are positive signals for shareholders. The seamless CFO transition with an experienced replacement may provide confidence in financial management continuity.