Board Meeting22 May 2026, 07:51 pm
Industrial & Prudential: Gaurav Swarup to Continue as CMD
AI Summary
The Board of Directors of Industrial & Prudential Investment Company Ltd approved the continuation of Mr. Gaurav Swarup as Chairman & Managing Director beyond the age of 70, subject to shareholder approval. The board also approved the audited standalone and consolidated financial results for the year ended March 31, 2026, recommended a dividend of ₹120 per equity share, and appointed Mrs. Sanjukta Majumdar as the Internal Auditor for FY 2026-27.
Key Highlights
- Gaurav Swarup's tenure as Chairman & MD to continue beyond 70, pending shareholder approval.
- Dividend of ₹120 per share recommended for FY26, subject to shareholder approval.
- Sanjukta Majumdar appointed as Internal Auditor for FY 2026-27.
- Audited standalone and consolidated financial results for FY26 approved.
Price Impact
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