Please see enclosed the information regarding Change in Director(s) of the company
TBOTEK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TBO Tek's Board meeting on May 28, 2026 approved audited FY2026 standalone financials showing revenue of INR 5,838.27 Mn (up 1.4% YoY) and profit before tax of INR 757.18 Mn (down 2.9% YoY). The company also appointed Grant Thornton Bharat LLP as new internal auditors for FY2026-27 and recommended re-appointment of three Non-Executive Independent Directors (Mr. Ravindra Dhariwal, Mr. Rahul Bhatnagar, and Ms. Anuranjita Kumar) for their second term, subject to shareholder approval at the AGM. The headline mentions 'Change in Director(s)' but the actual filing only covers re-appointments of existing independent directors, not resignations or new appointments. A FEMA-related show cause notice remains sub-judice with potential penalty exposure of up to INR 2,136.75 Mn (3x of INR 712.25 Mn contravention amount).
The re-appointment of independent directors signals continuity in governance. Financial performance shows modest revenue growth but slight profit decline. The unresolved FEMA matter remains a contingent liability risk for shareholders.