Re-appointment of Mr. Vipin Sondhi as an Independent Director for a second term, subject to approval of shareholder in the ensuing Annual General meeting.
TRITURBINE · price
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Triveni Turbine's Board meeting on May 18, 2026 approved the re-appointment of two Independent Directors for second terms: Mr. Vijay Kumar Thadani (effective December 15, 2026 for 5 years) and Mr. Vipin Sondhi (effective March 17, 2027 for 5 years), both subject to shareholder approval at the ensuing AGM. The company also reported strong FY2026 results with consolidated revenue of Rs 21,811 million (up 9% YoY) and net profit of Rs 3,494 million. Additionally, the Board recommended a final dividend of Rs 2 per share (200%), bringing total dividend for FY2026 to Rs 4.25 per share. An exceptional charge of Rs 157 million was recorded due to the new labour code implementation.
Re-appointment of independent directors signals board stability and continuity of governance. The strong financial performance with 9% revenue growth and healthy dividend payout (total 425% including interim dividend) is positive for shareholders.