Appointment of Mr. Pratham Mittal (DIN: 08338216) as an Additional Director (Non- Executive Independent Director) of the Company with effect from May 20, 2026.
TALBROAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Talbros Automotive Components held its Board meeting on 20 May 2026 and approved multiple items. Key highlights: (1) Audited standalone net profit for FY26 at Rs. 83.84 crore vs Rs. 77.87 crore in FY25, with consolidated net profit of Rs. 104.11 crore vs Rs. 94.43 crore — both representing ~8-10% growth; (2) Final dividend of Rs. 0.55 per share (27.5%) recommended, bringing total FY26 dividend to Rs. 0.75 per share; (3) Appointment of Mr. Pratham Mittal (DIN: 08338216), a systems engineer and entrepreneur best known as a Shark on Shark Tank India Season 5, as Additional Director (Non-Executive Independent Director) effective 20 May 2026, subject to shareholder approval via postal ballot. The appointment was recommended by the Nomination and Remuneration Committee. The auditor's report is unmodified for both standalone and consolidated results. The company also acquired 26% equity in CleanMax Kaziranga Private Limited for Rs. 337.49 lakh for captive solar power.
Positive for governance — adding an experienced independent director with entrepreneurial and tech background. Strong financial performance with profit growth and shareholder-friendly dividend policy. No red flags detected.