Standard Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
SIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standard Industries Limited held its Board Meeting on May 12, 2026, approving several key items. The company reported a standalone net loss of Rs. 1,759.22 lakhs for FY2026, compared to a loss of Rs. 1,380.44 lakhs in the previous year. The Board recommended a final dividend of Rs. 0.25 per share (5% on face value) for FY2025-26, subject to shareholder approval at the AGM in August 2026. The Board also approved a major development rights transaction where the company will assign development rights for its Stanrose Apartment land at Dadar West, Mumbai to Prabhadevi Developer Private Limited for Rs. 169.51 crore plus 25,774.61 sq.ft. of residential area. Additionally, Shri Khurshed Thanawalla's re-appointment as Non-Executive Independent Director for 5 years from May 19, 2027 was proposed. The statutory auditors issued an unmodified opinion on the financial results.
The significant land development deal worth Rs. 169+ crore could unlock value for shareholders, though the company continues to report losses. The continuity of an experienced independent director on the board is a positive governance signal.