
Management Change18 May 2026, 05:11 pm
Astral Ltd Re-appoints Sandeep Engineer as MD (w.e.f. 2027)
AI Summary
Astral Ltd's board re-appointed Mr. Sandeep Engineer as Managing Director for a five-year term commencing April 1, 2027, and ending March 31, 2032, subject to member approval. The decision was based on the Nomination and Remuneration Committee's recommendation. The board also approved audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹2.50 per share, and affirmed that Mr. Engineer is not debarred from holding office.
Key Highlights
- Sandeep Engineer re-appointed as MD for five years, effective April 1, 2027.
- Final dividend of ₹2.50 per share recommended for FY26, pending member approval.
- Audited financial results for FY26 approved with an unmodified audit opinion.
- Board meeting held on May 18, 2026, approved key decisions.
Price Impact
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