Reappointment of Mr. Kaiyomarz Minoo Marfatia as an independent director for the second term on the board w.e.f. 31 May 2026
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SNL Bearings Ltd's Board meeting on May 4, 2026 approved three key items: (1) Audited financial results for FY2025-26 showing total income of ₹5,869 lakhs (up 9.1% from ₹5,379 lakhs), with profit after tax flat at ₹1,085 lakhs and EPS at ₹30.05; (2) Interim dividend of ₹15 per share (150%) with record date May 8, 2026, meaning no final dividend will be recommended; (3) Reappointment of Mr. Kaiyomarz Minoo Marfatia as Independent Director for a second 5-year term from May 31, 2026 to May 30, 2031, subject to shareholder approval. The statutory auditor Walker Chandiok & Co LLP issued an unmodified opinion on the financial results.
The company demonstrated steady revenue growth and maintained profitability, while the interim dividend provides immediate shareholder value. The reappointment of an experienced independent director maintains board continuity, though this second term requires shareholder approval.